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Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:09 EDTCQBChiquita Brands sees Bananas EBIT margins of 4% by end of FY15
The company stated, "Chiquita's strategy remains to focus on its core products and to operate a branded commodity produce business with excellence. The company believes the actions it has taken year to date in 2014 enhance that strategy and position the company to remain on glidepath to our long term EBIT margin targets - to achieve run-rate target EBIT margins of 4% for Bananas and 7-8% for Salads by the end of 2015."
News For CQB From The Last 14 Days
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August 27, 2014
15:09 EDTCQBCutrale-Safra says Chiquita board irresponsible in promoting Fyffes transaction
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09:30 EDTCQBChiquita Brands' board recommends shareholders vote for transaction with Fyffes
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05:30 EDTCQBChiquita Brands, Fyffes now see $60M of annualized pre-tax cost savings
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August 26, 2014
05:44 EDTCQBChiquita Brands announces share acquisition ny executive officers
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August 17, 2014
18:43 EDTCQBInvestors should take profits in Chiquita Brands, Barron's says
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August 15, 2014
17:48 EDTCQBSafra-Cutrale file proxy to solicit against Chiquita transaction with Fyffes
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August 14, 2014
16:14 EDTCQBChiquita says board determines Cutrale/Safra offer not in best interests
Chiquita Brands announced that its board of directors unanimously determined that the unsolicited offer from the Cutrale Group and the Safra Group announced on August 11, to acquire all of the outstanding stock of Chiquita for $13.00 per share in cash, is inadequate and not in the best interests of Chiquita shareholders. Having made such a determination, Chiquita has determined not to furnish information to, and have discussions and negotiations with, the Cutrale Group and the Safra Group at this time. The Chiquita board has also unanimously reaffirmed its recommendation that Chiquita shareholders vote to approve the definitive merger agreement between Chiquita and Fyffes. Chiquita remains committed to completing its transaction with Fyffes, which it believes will create a combined company that is better positioned to succeed in a highly competitive marketplace, while driving strong performance and value for shareholders.

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