‘Compelling’ €751m offer for Fyffes marks end of era in Irish stock market history

A €751.3m proposed “compelling” acquisition of Irish-based international fresh produce distributor Fyffes marks something of an end of era in Irish stock market history, as the famous brand comes under Japanese control.
‘Compelling’ €751m offer for Fyffes marks end of era in Irish stock market history

The good news for shareholders is the €2.23 a share cash offer by Asian giant Sumitomo Corporation — which although not a household name here is a dominant banana supplier in Japan — represents a hefty premium of almost 50% on the recent trading levels.

Fyffes’ shares had risen in recent weeks, despite the potential for disruption to the business from the Brexit fallout.

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