27 de octubre de 2014 / 12:17 / en 3 años

Cutrale-Safra to acquire Chiquita in deal valued at $1.3 billion

SAO PAULO, Oct 27 (Reuters) - Brazilian juice maker Grupo Cutrale and investment firm Safra Group agreed on Monday to acquire U.S.-based banana producer Chiquita Brands International Inc in a deal valued at $1.3 billion.

Cutrale-Safra, which had offered to pay $14.50 per share of Chiquita in cash, said in a statement that the transaction is not subject to any financing conditions. Once the transaction is closed, Chiquita will become a wholly owned subsidiary of Cutrale-Safra, the statement added.

The agreement was unanimously approved by Chiquita’s board, the statement said. (Reporting by Guillermo Parra-Bernal and Sruthi Ramakrishnan Editing by W Simon)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below