10th Oct 2014 18:21
LONDON (Alliance News) - Fyffes PLC Friday said that the Irish High Court granted the necessary order for the revision of the companies' merger deal, under which Fyffes shareholders will receive 0.1113 ChiquitaFyffes for each Fyffes share they hold and Chiquita shareholders will receive one ChiquitaFyffes share for each Chiquita Share they hold.
Upon the completion of the companies' combination, Chiquita shareholders are expected to own about 59.6% of ChiquitaFyffes, an increase from 50.7% under the original agreement. and Fyffes shareholders are now expected to own approximately 40.4% of ChiquitaFyffes, on a fully diluted basis.
By Samuel Agini; [email protected]; @samuelagini
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