Fyffes-Chiquita merger ‘more likely to happen’

Earlier this week, the Brazilians — made up of juice-maker, Cutrale and investment firm, Safra — increased their rival bid for Chiquita from $13 per share to $14 per share, valuing a deal at around $660m (€516m).
However, Chiquita said yesterday that after careful review, it considered the new offer “inadequate and not in the best interests of Chiquita share-holders”.