Cutrale, Safra file preliminary proxy materials

|By:, SA News Editor

Following the rejection of their unsolicited $625M bid this past week, Cutrale and Safra Group have now filed preliminary proxy materials aimed at a hostile takeover of Chiquita Brands (NYSE:CQB).

The companies are asking Chiquita shareholders to vote against its planned merger with Irish tropical fruit company Fyffes (OTC:FYFFF) and adjourn a special shareholder meeting set for Sept. 17.