New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 15, 2014
17:48 EDTCQBSafra-Cutrale file proxy to solicit against Chiquita transaction with Fyffes
The Cutrale Group and the Safra Group, through their entity Cavendish Global Limited and its wholly owned subsidiary Cavendish Acquisition Corporation, filed preliminary proxy materials to solicit shareholder votes against Chiquita's proposed transaction with Fyffes, and votes for any proposal to adjourn the Special Meeting of Chiquita Shareholders on September 17. Cutrale-Safra stated, "These proxy materials enable Chiquita shareholders to send a clear message to the Chiquita Board that its failure to enter into discussions with Cutrale-Safra and its decision to reject the superior Cutrale-Safra proposal is simply a continuation of their track record of failed strategic decisions and shareholder value destruction." In the preliminary proxy materials filed, Cutrale-Safra outlines: "We are soliciting proxies from Chiquita shareholders to vote "AGAINST" the Fyffes transaction proposal and the related Fyffes proposals and "FOR" the Adjournment Proposal. We believe the proposed combination of Chiquita and Fyffes does not provide adequate value to Chiquita shareholders. Our $13.00 per share all-cash proposal is a superior alternative for Chiquita shareholders because, among other things, it provides significantly greater financial value and more certain value for Chiquita shareholders than the proposed combination with Fyffes."
News For CQB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 9, 2014
15:45 EDTCQBGabelli raises stake in Chiquita to 8.16% from 6.52%
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use