Cutrale-Safra wins takeover battle for fruit producer Chiquita

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What was going to be the creation of the world’s largest banana company – the proposed merger between US firm Chiquita and Ireland’s Fyffes – has been called off after Chiquita shareholder voted to abandon the deal and sell the company to Brazilian interests. Instead, Chiquita will be integrated into Brazilian juice manufacturer Grupo Cutrale, which is paying $682m along with local financier Joseph Safra, which have jointly been trying to woo Chiquita shareholders with a counteroffer to the Chiquita-Fyffes ...