Brazilians extend Chiquita deadline

For fresh fruit and vegetable marketing and distribution in Asia
Carl Collen

BY CARL COLLEN

Brazilians extend Chiquita deadline

US$14.50 per share offer has a new deadline of 23 December, after less than three-quarters of Chiquita's shares were tendered

Brazilians extend Chiquita deadline

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Brazilian groups Cutrale and Safra, who agreed to acquire Chiquita Brands International at the end of of October, have announced that they have extended the deadline for the tender offer to 23 December.

The US$742m, US$14.50 per share agreement had a deadline of 3 December, but only 34.5m around 73 per cent - of Chiquita's shares had been tendered.

The groups also revealed that, as of 3 December 2014, merger antitrust filings had been made with antitrust authorities in the US (under the HSR Act), the EU, Switzerland, Ukraine, Russia, Turkey, Ecuador and Costa Rica.

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