The uncertainty over the future of the Chiquita business appears one step closer to being resolved as the company announced that it had signed a definitive merger agreement with Cutrale Group and Safra Group. In August, Chiquita announced that it had received an unsolicited offer from the two Brazilian companies – the former one of the world’s largest orange-juice suppliers and the latter an investment firm – having previously agreed …
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Safra
Chiquita Brands International, Inc. has confirmed that it has received an unsolicited offer from 2 Brazilian companies to acquire all of the outstanding common stock of Chiquita at a price of $13.00 per share in cash to Chiquita shareholders. Cutrale Group, one of the world’s largest orange-juice suppliers, and investment firm Safra Group have offered 611 million dollars as they look to stymie the US banana company’s plans to merge …
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