date:Mar 25, 2014
ival Chiquita in an all-share deal. Fyffes chief executive David McCann will be CEO of the joint business but, significantly, Fyffes shareholders will hold 49.3pc of the enlarged business, with 50.7pc going to Chiquita shareholders.
On paper it looks like a good deal, which prompted the Fyffes share price to shoot up by over 40pc when it was announced always a good sign. In the negotiations of recent months, Fyffes executives must have done well, given that Chiquita had the upper hand.
But th