Deals
Chiquita to Buy Fyffes Creating Biggest Banana Supplier
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Chiquita Brands International Inc., owner of the namesake banana label, agreed to buy Ireland’s Fyffes Plc to create the world’s biggest supplier of the fruit for about 403 million euros ($559 million).
The combined company will be called ChiquitaFyffes Plc, Chiquita and Fyffes said today in a joint statement. The all-stock offer represents a bid premium of 35 percent, data compiled by Bloomberg show.