New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 17, 2014
18:43 EDTCQBInvestors should take profits in Chiquita Brands, Barron's says
Investors should take some profits in Chiquita Brands due to the volatile history of the banana industry, Barron's contends in a follow up article. Reference Link
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.
October 27, 2014
08:09 EDTCQBCutrale-Safra to acquire Chiquita for $14.50 per share cash
Chiquita Brands International and the Cutrale-Safra group announced a definitive merger agreement. Under the merger agreement, which has been unanimously approved by the Chiquita board of directors, Cutrale-Safra will acquire all outstanding common shares of Chiquita for $14.50 per share in cash. The $14.50 per share consideration to be received by Chiquita shareholders represents a 33.8% premium to Chiquita's closing price on March 7, the last trading day prior to the announcement of Chiquita's transaction with Fyffes plc. The transaction is valued at approximately $1.3B, including the assumption of Chiquita's net debt. The merger agreement between Cutrale-Safra and Chiquita provides for Cutrale-Safra to commence a tender offer and following the closing of the tender offer to acquire all remaining shares through a merger. The transaction is not subject to any financing conditions. The transaction is expected to close by the end of the year or early 2015. Following the close of the transaction, Chiquita will become a wholly owned subsidiary of the Cutrale-Safra group, and remain incorporated in New Jersey.
October 24, 2014
12:36 EDTCQBChiquita downgraded to Hold from Buy at BB&T
Subscribe for More Information
10:15 EDTCQBHigh option volume stocks
Subscribe for More Information
09:31 EDTCQBChiquita shareholders vote down merger with Fyffes
Subscribe for More Information
09:28 EDTCQBChiquita says shareholders reject merger with Fyffes
Subscribe for More Information
07:10 EDTCQBChiquita considered Cutrale/Safra offer, reaffirms Fyffes merger recommendation
Subscribe for More Information
October 23, 2014
12:50 EDTCQBWynnefield affirms support of Chiquita takeover by Cutrale-Safra
Subscribe for More Information
10:13 EDTCQBChiquita says board will 'carefully review' new Cutrale/Safra offer
Subscribe for More Information
09:03 EDTCQBCutrale-Safra raises buyout offer for Chiquita to $14.50 per share
Subscribe for More Information
08:55 EDTCQBCutrale-Safra raises Chiquita acquistion offer to $14.50 per share from $14
Subscribe for More Information
October 21, 2014
12:29 EDTCQBChiquita retiterates 'value' of combination with Fyffes
Chiquita Brands reiterated the value of Chiquita's combination with Fyffes and set the record straight regarding the inaccurate and misleading statements made by the Cutrale Group and the Safra Group in an attempt to support its inadequate $14.00 per share offer to acquire Chiquita. The company said, "The strategic benefits of the Chiquita/Fyffes merger are clear and allow Chiquita shareholders to participate in the significant upside potential of the combined organization. Chiquita shareholders will share access to $62M of Fyffes EBITDA and share in $60M of identified, third party reviewed synergies in the combined company with clear and actionable steps identified in each synergy area. Chiquita shareholders will also retain the option to sell ChiquitaFyffes at a premium in the future."
October 20, 2014
10:30 EDTCQBISS recommends Chiquita shareholders vote for combination with Fyffes
Subscribe for More Information
08:52 EDTCQBWynnefield rejects Chiquita-Fyffes proposal
Subscribe for More Information
October 17, 2014
15:51 EDTCQBCutrale-Safra not considering raising $14-per-share Chiquita offer, Reuters says
Subscribe for More Information
14:50 EDTCQBCutrale-Safra not considering raising $14-per-share Chiquita offer, Reuters says
09:43 EDTCQBChiquita to host special shareholder meeting
Subscribe for More Information
October 16, 2014
16:20 EDTCQBChiquita says $14/share Cutrale-Safra bid inadequate, would consider higher bid
Chiquita Brands announced that its board of directors unanimously determined that the offer from the Cutrale Group and the Safra Group announced on October 15, to acquire all of the outstanding stock of Chiquita for $14.00 per share in cash, is inadequate and not in the best interests of Chiquita shareholders. The Chiquita Board of Directors has unanimously reaffirmed its recommendation that Chiquita shareholders vote to approve the definitive transaction agreement between Chiquita and Fyffes, as revised on September 25. In its letter to Cutrale / Safra, Chiquita said, "Of course, our Board is always willing to give fair consideration to an increased offer by Cutrale / Safra."
16:18 EDTCQBChiquita board finds $14.00 per share Cutrale-Safra offer inadequate
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 disclaimer & terms of use