Ed Lonergan

5 results

The Fyffes share price dipped by more than 4 per cent in the half hour following the result of the vote
End of the road for Fyffes’ $1bn merger with Chiquita

Fyffes, the Dublin-headquartered banana distributor, looks set to pick up a “break fee” of at least $23.5 million (€18.5 million) after shareholders (...)

Chiquita and Fyffes, which in March announced a planned merger, say they have identified an additional $20 million of synergies. Photographer: Bloomberg
Chiquita and Fyffes identify additional $20m of synergies

Chiquita and Fyffes say they have identified an additional $20 million of synergies for a total of at least $60 million in annualised pre-tax cost sav(...)

The deal to create ChiquitaFyffes, according to Fyffes chairman David McCann, came from “tentative discussions over many, many years” between the Irish company and its larger US rival Chiquita.
Fyffes share price goes bananas as it extracts the better deal from $1 billion merger

Not a banana split, but rather, a banana merger. The deal to create ChiquitaFyffes, according to Fyffes chairman David McCann, came from (...)

The merged entity will be called ChiquitaFyffes and will be listed on the New York Stock Exchange but domiciled in Ireland. It will have combined annual revenues of approximately €3.3 billion. Photograph: Chris Ratcliffe/Bloomberg
Most European indexes swing lower

While exports from China and the developing crisis in Ukraine weighed on the world’s markets yesterday, closer to(...)

Fyffes executive chairman David McCann will be chief executive of the new merged entity, ChiquitaFyffes. Photograph: Dara Mac Dónaill/The Irish Times
Fyffes shares soar as investors go bananas for Chiquita deal

Shares in Irish fruit producer Fyffes rocketed on the Irish Stock Exchange today, after the company announced it will merge with US food group Chiq(...)