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Companies connected to the Brazillian billionaires Joseph Safra and Jose Luis Cutrale, who have made a bid for Chiquita that threatens to scupper i(...)

Fyffes warned that a protracted process in relation to its proposed merger with Chiquita  “is not in the interests of Fyffes business and shareholders”. Photograph: Simon Dawson/Bloomberg

When the news came it was hardly a surprise – though it was clearly still unwelcome for all that.Fyffes has allowed Chiquita to back away from a share(...)

Chiquita Brands International has postponed a shareholder meeting to vote on its proposed acquisition of Fyffes and told a Brazilian group that it’s willing to talk about being bought instead. Photograph: Simon Dawson/Bloomberg

Chiquita Brands International, owner of the namesake banana label, postponed a shareholder meeting to vote on its proposed acquisition of Irish food g(...)

Shareholders of Fyffes and Chiquita will hold meetings next month to approve the terms of their proposed merger. Photographer: Simon Dawson/Bloomberg

Corporate doublespeak is a curious old language, all the same. As far as takeover rejections go, Chiquita’s supposed rebuff of Safra Bank and Cutrale’(...)

Bottles of Penfolds: one of the brands owned byTreasury Wine Estates.  Photograph: David Gray/Reuters
Planet Business

In numbers: wine wars 2 Number of bids received by the world’s biggest listed winemaker, Australia’s Treasury Wine Estates. The first bid is from US p(...)

Analysts are split on whether the all-share merger with Fyffes or Monday’s all-cash $611 million offer from Safra – in partnership with Florida fruit firm Cutrale – will prove more attractive for Chiquita’s shareholders

Fyffes, which in March announced a $1 billion merger with its US rival Chiquita, is forging ahead with plans to implement the deal, despite a rival ta(...)

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