Monday April 29, 2024 | Last Update: April 29, 2024 EDT
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.
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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.
Chiquita Brands International sealed the deal on a merger with Irish fruit and fresh produce company Fyffes, Inc.
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