Find a page

Chiquita meeting rejects Fyffes
24 Oct 2014 15:03
Banana producer Chiquita said it would start takeover talks with Brazil's Cutrale and Safra Group after its shareholders voted against its proposed merger with Irish rival Fyffes.
-
"While we are convinced (Fyffes) would have been a strong merger partner, we will now go forward as competitors," Chiquita's President and CEO Edward Lonergan said in a statement.
-
Fyffes said that should Chiquita enter into a separate deal within nine months, Fyffes is entitled to a termination fee of 3.5% of the total closing value of the share capital of Chiquita the day before such an agreement.
-
Shares in Fyffes dropped sharply in Dublin trade today.
-
Chiquita had said earlier today that it would only enter into talks with juice maker Cutrale and investment firm Safra if its shareholders rejected the proposed merger with Fyffes.
-
Cutrale-Safra raised its all-cash offer for Chiquita to $14.50 per share from $14 yesterday, valuing the company at about $682m.
-

Where can I get RTÉ Aertel Digital?

RTÉ Aertel Digital is an enhanced digital version of the RTÉ Aertel teletext service. It functions in the same way as the analogue service, offering current news, sport and weather updates but is now more agile and easier to use.

RTÉ Aertel Digital is available on Saorview, the new free digital TV service in Ireland.
Press TEXT button on your remote to launch Aertel from RTÉ One, RTÉ Two, RTÉ News Now.