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Thursday, August 14, 2014

BRIEF-Cutrale and Safra weigh alternatives after Chiquita rejection, (NYSE: CQB)

The Cutrale Group and the Safra Group in a statement: * Extremeny disappointed with Chiquita Brands International Inc board's decision to reject offer, considering all alternatives.

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 traded higher by 0.67% or $0.09/share to $13.51. In the past year, the shares have traded as low as $9.24 and as high as $13.68. On average, 493794 shares of CQB exchange hands on a given day and today's volume is recorded at 1019185.