date:Mar 11, 2014
ita Chief Executive Ed Lonergan, who will be chairman of the combined company, was confident the match of the businesses would persuade regulators to give it the green light, with most of the savings expected in logistics.
We looked at it and thought we could create a much stronger competitor, Lonergan told Reuters. The overlap between the businesses is de minimis.
Fyffes shares leaped 44 percent on Monday, bringing the stock, which had traded at about 10 times earnings prior to the announceme