Chiquita To Become Top Banana With $526M Fyffes Merger

Law360, New York (March 10, 2014, 3:37 PM EDT) -- Chiquita Brands International Inc. agreed to merge with Fyffes PLC in a stock swap worth $526 million, creating the world's largest banana company, the fruit distributors said Monday.

If approved by regulators by the end of the year, the resulting entity will have $1.07 billion in combined value, the companies said. Both are international, though Chiquita has a heavy presence in the Americas while Fyffes, headquartered in Dublin, is especially well-positioned to market in Europe. Together, they will have a workforce of 32,000 people.

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