Chiquita and Fyffes revise merger deal

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The saga of creating the world’s largest banana exporter continues. Initially, the $526m deal to merge US-based Chiquita with Ireland’s Fyffes appeared relatively straightforward, until Chiquita shareholders began to delve into the details and found their counterparts in Fyffes were set to be the real beneficiaries from any deal. Enter stage left two Brazilian investo9rs who made a joint bid to acquire Chiquita, which would have killed its attempts to buy Fyffes. While that has been rebuffed, and discussions between the two banana producers continues, this plot still has several twists and turns to come.