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Home News magazine catalog industry Products and Promotions Retail In Detail Advertising Forum Facebook Subscribe Bulgaria World Digest Home News Events Galleries World Chiquita Bananas epass closer to Ireland
After falling stalled merger between the second largest producer of bananas in the world Chiquita and Irish supplier of tropical fruit Fyffes out again on the agenda. This happened after the two companies agreed to new terms of the deal, according to the American manufacturer will receive a share of nearly 60% in the new company ChiquitaFyffes, reported Òhe Wall Street Journal. According epass to the initially agreed conditions Chiquita had to control the share of 50.7% in the association. Negotiations between the two sides led to change as a result of which the share of the American epass manufacturer will increase to 59.6% and that of the Irish Fyffes will decrease to 40.4%. The market capitalization of the new company will be EUR 1.06 billion. Dollars. The two sides agreed that Fyffes has the right to withdraw from the transaction, provided epass that the merger has been approved epass by the shareholders of Chiquita before October 24. Also Listnatata Dublin company has the right to terminate epass the agreement if the American giant signed another deal for a merger or acquisition in the next nine months. Facebook Twitter Email More
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