NEW YORK (AP) — An investor group representing rival bidders is asking shareholders of Chiquita Brands to vote against the banana company's proposed combination with Irish produce distributor Fyffes.
Cavendish Global said Friday it has filed preliminary documents to solicit Chiquita shareholder votes against a Chiquita-Fyffe merger and in favor of adjourning a special meeting of shareholders on Sept. 17.
Cavendish was formed by investment firm Safra Group and Brazilian agribusiness and juice company Cutrale Group.
Their filing comes a day after Chiquita rejected a $611 million buyout offer from Safra-Cutrale.
Chiquita Brands International Inc. says the offer is not in the best interest of shareholders.
Instead, it is pursuing a merger with Fyffes. The two companies agreed in March to merge in a stock-for-stock deal to create the world's biggest banana supplier.
'Have we learned nothing from 9/11'? You won't believe who Minnesota has licensed to drive semi-trucks
Panicky Democratic donors wonder: Are we really going to bet the White House on this shady loser? - Hot Air
Ann Coulter - Small But Honest Columnist Again Forced to Correct Highest-Rated Show on Cable TV
RIP, the Jeb Bush 2016 Campaign | RedState
Small But Honest Columnist Again Forced to Correct Highest-Rated Show on Cable TV | Human Events
Vox "Smart Take" Pushes Gun Confiscation. Here's What Would Happen If They Tried. - Bearing Arms - 2nd Amendment, Gun Confiscation
Michael Schaus - MSNBC’s Chris Hayes: The Problem is the Constitution