Thursday May 2, 2024 | Last Update: May 2, 2024 EDT
After being rejected several times, Safra and Cutrale won the acquisition battle as Chiquita Brands International Inc finally accepted their offer as its shareholder voted against the merger with Irish company Fyffes.
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Brazillian billionaires Safra and Cutrale raised their offer for Chiquita as a last-minute effort to buy out the banana-producing giant and preventing its merger with Fyffes.
Chiquita rejected an offer worth $1.3 billion from Brazillian billionaires and businessmen Joseph Safra and Jose Luis Cutrale and rather chose to go through with the deal with Fyffes.
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