Brazilian companies Cutrale and Safra have made a $611 million bid for American banana group Chiquita
Juice maker Cutrale and conglomerate Safra have offered $13 a share, a 29% premium to Chiquita’s closing share price on Friday.
Chiquita shares jumped 31% in New York after the bid was announced.
Brazilian companies Cutrale and Safra have made a $611 million bid for American banana group Chiquita
The offer rivals the proposed merger between Chiquita and Irish fruit company Fyffes, announced in March. Shares in Fyffes fell 15% in London.
The merger would create the world’s largest banana company worth $1 billion.
However, the two Brazilian companies said their offer “is clearly more favorable to the Chiquita shareholders than the proposed merger with Fyffes”.
According to the United Nations, the global banana market is currently controlled by four companies, Chiquita, Dole Food Company, Fresh Del Monte and Fyffes.
At least five people, including a four-month-old baby, have been killed after dozens of tornadoes…
Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…
Hamas has published a video showing the first proof of life of US and Israeli…
Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…
The House of Representatives has finally approved $61 billion in new US military aid for…
The real estate market in the United States has always been a gauge for economic…
