Chiquita Brands International News
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Friday | The Charlotte Observer
Eric Frazier covers economic development. He has been reporting and editing at the Observer for more than 15 years.
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Two of the most recognized banana brands, Chiquita and Fyffes, have merged to create the largest producer of bananas in the world.
Want to find out what Edward Snowden's fight for privacy rights and the world's biggest banana company have in common? No, seriously.
If Monday was all about the Chiquita chick, who saw her stock surge 10.70%, yesterday was when the fellas reclaimed center stage.
All of the Common Shares are admitted to trading on New York Stock Exchange under the ticker symbol CQB.
*Chiquita Brands International Inc. has agreed to merge with Irish tropical-fruit company Fyffes PLC to create the world's largest banana company, catapulting it past Dole Food Co., reports The Wall Street Journal.
Charlotte and Mecklenburg County’s deal with Chiquita Brands International would potentially let them end incentive payments because the fruit company is moving its headquarters to Ireland as part of a merger, according to a review Tuesday of the 2011 agreement.
Edwin Peacock, who was a member of the Charlotte City Council when it negotiated with Chiquita Brands International Inc. on incentives to move the company here from Cincinnati, predicts the city, county and company will get into a discussion about what a headquarters really is.
What does the merger of two giant banana producers--Chiquita Brands in the U.S. and Ireland's Fyffes Plc--mean for U.S. consumers and the prices that they pay for fruit? With $4.6 billion in sales, the combined company, ChiquitaFyffes, Plc, will be by far the world's biggest banana producer and a major player in melons, pineapples and packaged ... (more)
The Dow Jones industrial average dropped 0.4%. The Nasdaq and S&P 500 were down 0.2% each.
The stock-for-stock transaction announced Monday creates a global banana and fresh produce company with $4.6 billion in annual revenues.
Stocks drifted to a slightly lower finish Monday as investors sifted through a blend of discouraging economic data from China and Japan as well as ongoing uncertainty over Russia's incursion into Ukraine.
In this Friday, Feb. 21, 2014, file photo, trader Gregory Rowe, center, works at the post of specialist Joseph Mastrolia, left, on the floor of the New York Stock Exchange.
Midway through trading Monday, the Dow traded down 0.51 percent to 16,369.25 while the NASDAQ tumbled 0.30 percent to 4,323.42.
On Monday, the Board of Directors of Chiquita Brands International and Fyffes unanimously approved a merger to create ChiquitaFyffes Plc, a global banana and fresh produce company with $4.6 billion in annual revenue.