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News Breaks
January 31, 2013
07:23 EDTCQBChiquita Brands downgraded to Hold from Buy at BB&T
News For CQB From The Last 14 Days
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September 10, 2014
09:37 EDTCQBChiquita Brands signs confidentiality agreement with Cutrale/Safra
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September 8, 2014
07:07 EDTCQBChiquita Brands provides update to holders
Chiquita Brands announced that it has postponed the Special Meeting of Shareholders to vote on the proposed transaction with Fyffes to October 3. The meeting had been scheduled for September 17. In addition, Fyffes proposes to seek adjournments of the Court Meeting and EGM convened for September 17 and, subject to any direction of the Irish High Court, to reconvene such meetings for October 3. The company also announced Fyffes has granted Chiquita a waiver that permits Chiquita to engage in discussions with the Cutrale Group and the Safra Group. Accordingly, Chiquita has sent a letter to Cutrale / Safra indicating its willingness to offer to Cutrale / Safra the opportunity to conduct focused due diligence and present its final and best offer. Chiquita does not expect to update the market with any further information unless and until the Board has reached a decision on a definitive course of action. In the interim, Chiquita continues to recommend that its shareholders vote "FOR" the Fyffes transaction and the other proposals on the WHITE proxy card.
September 5, 2014
12:52 EDTCQBChiquita Brands 'disappointed' with reports issed by proxy advisory firms
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September 3, 2014
13:04 EDTCQBCultrale-Safra says Chiquita, Fyffes 'attempt to mislead' Chiquita shareholders
Cutrale-Safra stated that they believe yesterday's communications by Chiquita Brands International and Fyffes plc are further evidence of both Chiquita's fear that its own shareholders prefer the Cutrale-Safra compelling $13 per share cash certain proposal to Chiquita's proposed business combination with Fyffes, and Chiquita's own recognition of the risks inherent in this combination. Chiquita and Fyffes now want Chiquita shareholders to ignore facts, and instead put their faith in the speculative future performance of Chiquita-Fyffes. Simply put, Cutrale-Safra will not pay for speculative future performance. The choice for Chiquita shareholders is simple. By voting with Cutrale-Safra on the GOLD proxy card, Chiquita shareholders are asking the Chiquita board to pursue a riskless option to explore a $13 per share, all-cash transaction. In Cutrale-Safra's view, Chiquita and Fyffes attempt to mislead Chiquita shareholders in several ways. By voting with the Chiquita board on its proxy card for the Chiquita Fyffes combination, Chiquita shareholders are supporting a transaction that the investment marketplace, after months of publicly available information, has valued at materially less than Chiquita's premerger price of $10.84.
September 2, 2014
08:40 EDTCQBChiquita Brands says Cutrale/Safra $13 per share offer not a 'superior' proposal
Chiquita Brands announced it is mailing a letter to its shareholders that highlights key parts of a presentation the company filed with the SEC in which Chiquita "sets the record straight" regarding the "flawed and misleading" statements made by the Cutrale Group and the Safra Group in connection with Chiquita's proposed combination with Fyffes plc. According to Chiquita, the $13 per share offer does not constitute a "Superior Proposal" and the Board will not negotiate a sale of the company at an inadequate price. Chiquita added that Cutrale / Safra has had the opportunity to revise its proposal and has chosen not to do so and "there is no reason to delay or risk the ChiquitaFyffes transaction."

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