Brazilian companies raise Chiquita offer to $681M

SHARE Brazilian companies raise Chiquita offer to $681M

NEW YORK — Brazilian companies Cutrale and Safra said they are again raising their bid for banana producer Chiquita, to $681 million — a day before Chiquita shareholders are expected to vote on a combination with Irish fruit importer Fyffes.

Chiquita said Thursday that it will review the latest offer. It has repeatedly rejected offers from investment firm Safra Group and juice company Cutrale Group, preferring to merge with Fyffes in an all-stock deal.

ChiquitaFyffes would be the world’s largest banana supplier, and the companies plan to incorporate in Dublin to take advantage of lower tax rates. Chiquita is now based in Charlotte, North Carolina.

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