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Chiquita CEO's severance could top $15.4M after Cutrale-Safra deal
2014-11-20 13:13:58| Food - Topix.net
Ed Lonergan , CEO of Chiquita Brands International Inc. , stands to receive roughly $15.4 million if he is let go after the company is acquired by Cutrale Group and Safra Group of Brazil. That figure includes a $1.9 million cash payout as well as stock and other compensation, according to a regulatory filing .
Chiquita CEO's severance could top $15.4M after Cutrale-Safra deal
2014-11-19 20:41:58| Agriculture - Topix.net
Ed Lonergan , CEO of Chiquita Brands International Inc. , stands to receive roughly $15.4 million if he is let go after the company is acquired by Cutrale Group and Safra Group of Brazil. That figure includes a $1.9 million cash payout as well as stock and other compensation, according to a regulatory filing .
Cutrale-Safra finalises merger with Chiquita for $682m
2014-10-28 01:00:00| Food Processing Technology
Brazilian juice maker Grupo Cutrale and investment firm Safra Group will takeover banana company Chiquita Brands International for $682m.
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Chiquita rejects latest Cutrale-Safra offer
2014-10-17 12:13:27| Agriculture - Topix.net
The board of Chiquita Brands International said last night that a takeover bid by Brazilian juice maker Grupo Cutrale and investment firm Safra Group was "inadequate". The board of US-based Chiquita said in a statement that Cutrale-Safra's definitive, $14 a share offer "is not in the best interests" of shareholders.
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UPDATE 1-Chiquita board rejects Cutrale-Safra offer, may weigh improved bid
2014-10-17 07:20:28| Food - Topix.net
The board of Chiquita Brands International Inc on Thursday said a takeover bid by Brazilian juice maker Grupo Cutrale and investment firm Safra Group was "inadequate," and again recommended shareholders back a tie-up with Irish rival Fyffes Plc. The board of Charlotte, North Carolina-based Chiquita said in a statement that Cutrale-Safra's definitive, $14 a share offer "is not in the best interests" of shareholders, who have no assurances that the takeover proposal would remain available past Oct. 24 should a vote on the Fyffes transaction fail.
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