Two Brazilian companies bid for U.S. banana company, Chiquita

Posted on August 12, 2014 • Filed under: Brazil, Business, United States reported that two Brazilian companies have made a $611m (£363m) bid for US banana group Chiquita. Juice maker Cutrale and conglomerate Safra have offered $13 a share, a 29% premium to Chiquita’s closing share price on Friday. Chiquita shares jumped 31% in New York after the bid was announced.The offer rivals the proposed merger between Chiquita and Irish fruit firm Fyffes, announced in March. Shares in Fyffes fell 15% in London. Read Article

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