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Latest Chiquita Brands International Stories

2014-09-10 12:30:11

NEW YORK, Sept. 10, 2014 /PRNewswire/ -- Cutrale-Safra today confirmed that it has entered into a confidentiality agreement with Chiquita Brands International, Inc. ("Chiquita"). Cutrale-Safra stated that while it is not tied to the timeframe previously disclosed, it will use its best efforts to complete its due diligence and present its definitive offer as expeditiously as possible for Chiquita's consideration. Cutrale-Safra also stated that, subject to Chiquita making a...

2014-09-05 20:21:20

Question Valuation Process of Chiquita Board With Respect To Fyffes Transaction NEW YORK, Sept. 5, 2014 /PRNewswire/ -- Cutrale-Safra stated that in addition to ISS, the two other leading proxy advisory firms, Glass Lewis & Co., LLC and Egan-Jones, have also recommended to their subscribers to NOT vote for the Fyffes transaction and to VOTE TO ADJOURN to Special Meeting of Chiquita Shareholders on September 17(th). In making their recommendations: -- Glass Lewis, among other...

2014-09-05 08:24:45

NEW YORK, Sept. 5, 2014 /PRNewswire/ -- Cutrale-Safra today announced that the leading proxy firm Institutional Shareholder Services ("ISS") today has recommended that its clients vote AGAINST the proposed Chiquita-Fyffes ("Fyffes") transaction and vote FOR the adjournment of the Special Meeting of Shareholders on September 17, 2014 using only the GOLD proxy card. Cutrale-Safra has proposed to acquire at $13 cash per share all the outstanding shares of Chiquita Brands International, Inc....

2014-09-03 12:33:11

NEW YORK, Sept. 3, 2014 /PRNewswire/ -- Cutrale-Safra today stated that they believe yesterday's communications by Chiquita Brands International, Inc. (NYSE: CQB; "Chiquita") and Fyffes plc ("Fyffes") are further evidence of both Chiquita's fear that its own shareholders prefer the Cutrale-Safra compelling $13 per share cash certain proposal to Chiquita's proposed business combination with Fyffes, and Chiquita's own recognition of the risks inherent in this combination. Chiquita and Fyffes...

2014-08-28 12:23:17

LAWSUIT ALLEGES DECEPTIVE MARKETING PRACTICES, POOR ENVIRONMENTAL STEWARDSHIP, HARM TO RESIDENTS NEAR LARGE GUATEMALA BANANA PLANTATION SEATTLE, Aug. 28, 2014 /PRNewswire/ -- A Consumer Protection Act lawsuit has been filed against Chiquita Brands International (CQB), alleging unfair and deceptive marketing practices. The lawsuit, filed by Seattle based Water and Sanitation Health (WASH) (Federal District Court Case number: 2:14-CV-00010-RAJ) claims that Chiquita "advertises that...

2014-08-14 20:24:05

NEW YORK, Aug. 14, 2014 /PRNewswire/ -- The Cutrale Group and the Safra Group today said that they are extremely disappointed with the decision of Chiquita's Board to reject the Cutrale-Safra $13 per share all-cash proposal to acquire Chiquita and not to furnish information to or engage in discussions and negotiations with representatives of Cutrale-Safra regarding this proposal. The Board's decision is a continuation of its track record of shareholder value destruction. Accordingly,...

2014-08-11 08:32:05

All-Cash Proposal Represents 29% Premium to Previous Day's Closing Price NEW YORK, Aug. 11, 2014 /PRNewswire/ -- The Cutrale Group, one of the most highly regarded agribusiness and juice companies in the world, and the Safra Group, with its strong track record of successful investments in major global industries, today proposed to acquire 100% of the outstanding stock of Chiquita Brands Inc. ("Chiquita") (NYSE: CQB) at a price of $13.00 per share in cash to Chiquita shareholders....

2014-04-30 16:33:13

CHARLOTTE, N.C., April 30, 2014 /PRNewswire/ -- In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013, Chiquita Brands International, Inc. ("Chiquita") confirms that as of April 30, 2014 its issued share capital comprised 46,916,600 common shares, par value $0.01 per share (the "Common Shares"). This follows the issue of 5,228 Common Shares (net of any shares withheld for taxes) upon the vesting, in the ordinary course, of restricted stock units held...

2014-04-29 16:33:47

CHARLOTTE, N.C. and DUBLIN, April 29, 2014 /PRNewswire/ -- Chiquita Brands International, Inc. (NYSE: CQB) ("Chiquita") and Fyffes plc (ESM: FFY ID: AIM: FFY LN) ("Fyffes") today announced that ChiquitaFyffes Limited ("ChiquitaFyffes") has filed with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 in connection with the proposed combination of Chiquita and Fyffes, which included a preliminary proxy statement of Chiquita (the "Form S-4")...

2014-03-24 04:22:24

CHARLOTTE, N.C., March 24, 2014 /PRNewswire/ -- In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013, Chiquita Brands International, Inc. ("Chiquita") confirms that as of March 20, 2014 its issued share capital comprised 46,911,372 common shares, par value $0.01 per share (the "Common Shares"). All of the Common Shares are admitted to trading on New York Stock Exchange under the ticker symbol CQB. The International Securities Identification Number...


Word of the Day
humgruffin
  • A terrible or repulsive person.
Regarding the etymology of 'humgruffin,' the OED says (rather unhelpfully) that it's a 'made-up word.' We might guess that 'hum' comes from 'humbug' or possibly 'hum' meaning 'a disagreeable smell,' while 'gruffin' could be a combination of 'gruff' and 'griffin.'