10th Mar 2014 07:58
LONDON (Alliance News) - Chiquita Brands International Inc and Fyffes PLC Monday said they had reached a deal whereby Chiquita will acquire Fyffes to create the world's largest banana company, but the deal is sure to draw the scrutiny of antitrust regulators.
In a statement, the companies said they have an agreed all-stock deal which will result in Chiquita shareholders owning 50.7% and Fyffes holders owning 49.3% of ChiquitaFyffes.
By Steve McGrath; [email protected]; @SteveMcGrath1
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