Business

Chiquita postpones meeting on Fyffes to October

By Washington Examiner
Published September 8, 2014 8:03pm ET
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Chiquita postpones meeting on Fyffes to October
FILE - In this Aug. 3, 2005 file photo, Chiquita bananas are on display at a grocery store in Bainbridge, Ohio. Chiquita Brands International Inc. on Monday, Sept. 8, 2014 said it is postponing its special shareholders meeting to vote on its proposed merger with Irish fruit company Fyffes and is seeking a new offer from competing bidders. (AP Photo/Amy Sancetta, File) | Amy Sancetta

CHARLOTTE, N.C. (AP) — Chiquita is postponing a vote on its proposed merger with the Irish fruit seller Fyffes as it awaits a new bid from another potential buyer.

Chiquita said it has received a waiver from Fyffes allowing it to hold talks with investment firm Safra Group and Brazil’s Cutrale Group, an agribusiness and juice company. Chiquita is now seeking a best and final offer from Cutrale and Safra.

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