Seeking Alpha

Cutrale Group and Safra Group confirm Chiquita Brands offer

  • Cutrale Group and Safra Group confirm that they have made a $13.00-per-share offer to buy Chiquita Brands (CQB +31.1%).
  • The deal could scuttle plans for Chiquita and Fyffes to merge in a transaction that would see the merged company be domiciled in Ireland.
  • The acquirers set a deadline of noon ET Friday for Chiquita to accept the deal.
  • Shares of CQB currently trade slightly above the $13 offer price.
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