Rival suitor still hoping Chiquita will jilt Fyffes at merger altar
The revised $14 (€10.90) per share/$660m, up from a previously rejected one of $13 per share/$611m, came hours after Chiquita reported a strong set of preliminary third-quarter results and reiterated its preference to merge with Irish fruit distributor, Fyffes.
Despite the European Commission recently clearing the proposed Fyffes-Chiquita merger and the terms of said deal being altered to give Chiquita shareholders a bigger stake of the new entity, both firms had postponed shareholder votes until the end of this month to give time for Chiquita to talk to Brazilian juicemaker Cutrale and its investment company backer, Safra.
