Charlotte--Chiquita Brands International.
Position | Statewide |
CHARLOTTE -- Chiquita Brands International agreed to a cash buyout of $682 million--$14.50 per share--with an investment firm and one of the world's largest orange-juice producers, both based in Brazil. The Charlotte-based produce company announced in March it intended to merge with Dublin-based Fyffes, creating the world's largest banana company valued at more than $1 billion. About a month before a scheduled shareholders vote, Cutrale Group and Safra Group made an unsolicited $610 million offer for Chiquita, sparking a bidding...
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