Chiquita’s spurned Brazilian takeover rumbles on
US banana company Chiquita turned to US firms Skadden, Arps, Slate, Meagher & Flom LLP and Taft Stettinius & Hollister LLP and Irish firm McCann FitzGerald when it rejected a US$611 million takeover offer from Brazilian juice company Cutrale and investment bank Safra last week – reconfirming its commitment to a planned merger with Irish fruit company Fyffes, but failing to dispel the Brazilian duo’s hostile takeover attempt.
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