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Chiquita gets buyout offer from Safra, Cutrale

August 11, 2014
THE ASSOCIATED PRESS

NEW YORK - Chiquita Brands has received a buyout offer worth about $611 million from investment firm Safra Group and the Brazilian agribusiness and juice company Cutrale Group. Safra and Cutrale are offering $13 per share, a 29 percent premium to Chiquita Brands International Inc.'s closing price of $10.06 on Friday. Chiquita said its board would review it and asked shareholders to await its recommendation.

 
 

 

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