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Stock Market & Financial Investment News

News Breaks
June 3, 2014
08:13 EDTCQBChiquita, Fyffes announce expiration of HSR waiting period for transaction
Chiquita Brands and Fyffes announced that the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to their previously announced combination transaction, expired on Monday, June 2. Expiration of the waiting period satisfies a condition to the closing of the transaction. The transaction remains subject to other customary closing conditions, including, among others, certain additional regulatory clearances and approval by the shareholders of both Chiquita and Fyffes.
News For CQB From The Last 14 Days
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January 14, 2015
15:19 EDTCQBChiquita exit could have upside for Parkway Properties, says Wells Fargo
Noting that the Charlotte Business Journal reported that Chiquita Brands plans to move its headquarters after being acquired, Wells Fargo said that the move could bring upside for the company's landlord, Parkway Properties. Wells believes Chiquita's lease runs through 2025 with current rents that are 10%-15% below market and that Parkway could drive NOI up if it find a new tenant for the space at a higher rent. Wells maintains its Outperform rating on Parkway Properties. Reference Link

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