date:Mar 11, 2014
nt, roughly into line with its peers
Chiquita shareholders will get one share of the new company for each share held. Fyffes investors will get 0.1567 of a share in the new group for each existing share, which values it at a premium of 38 percent over its Friday's closing price.
Goldman Sachs (GS.N) and Wells Fargo Securities, LLC acted as financial advisers for Chiquita and its board and Lazard (LAZ.N) for Fyffes.
FAIR TRADE
Most bananas are grown for export on large plantations in Latin Am