Receives offer to be acquired at $13/shr by Cutrale Group And Safra Group (valued at ~$613M)
- The proposal has been conveyed to Chiquita in a letter to Kerrii Anderson, Chairwoman of the Chiquita Board of Directors and Edward Lonergan, Chiquita President and Chief Executive Officer. Proposal also offers a superior valuation compared to Chiquita's historical trading multiples. The proposed price, including the assumption of Chiquita net debt, represents an 11.8x multiple of Chiquita's last twelve months reported Adjusted EBITDA." The proposed offer is not subject to any financing condition