New York • Chiquita Brands attracted an approximately $611 million buyout offer from investment firm Safra Group and Brazilian agribusiness and juice company Cutrale Group.
Safra and Cutrale are offering $13 per share, a 29 percent premium to Chiquita Brands International Inc.'s closing price of $10.06 on Friday.
The unsolicited bid disclosed Monday comes as Chiquita and Fyffes of Ireland were working on their own transaction. The two companies agreed in March to merge in a stock-for-stock deal to create the world's biggest banana supplier. If a transaction were to occur between Chiquita and Fyffes, Chiquita's headquarters would move from Charlotte, North Carolina, to Dublin, a more tax-efficient corporate base.