U.S. fruit distributor Chiquita Brands International Inc will purchase Irish fruit firm Fyffes Plc in an all-stock deal valuing Fyffes at about $526 million to create the world's largest banana supplier. Chiquita shareholders will own about 50.7 percent of the combined company, ChiquitaFyffes, while Fyffes shareholders will own the remaining 49.3 percent, the companies said in a statement on Monday.
Chiquita Brands International, Inc. (CBII), along with its subsidiaries, is an international marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other brand names in 70 countries, and packaged salads sold under the Fresh Express and other brand names primarily in the United States. Shares of CQB fell by 0.18% or $-0.02/share to $10.84. In the past year, the shares have traded as low as $6.04 and as high as $13.68. On average, 343377 shares of CQB exchange hands on a given day and today's volume is recorded at 268163.
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