Chiquita Brands in play?

|About: Chiquita Brands Internati... (CQB)|By:, SA News Editor

Shares of Chiquita Brands (CQB +1.1%) are now 4.3% higher than the offer price the company received from Cutrale Group and Safra Group as investors bet on a bigger banana buyer showing up down the road.

MKM Partners thinks it will take an offer of $16 per share to get Chiquita to bite.

PepsiCo (PEP +0.1%) and Fresh Del Monte Produce (FDP) have been thrown out as potential bidders.

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