The proposed commitments, if adopted, are not expected to have a material impact upon the commercial rationale for the transaction.
As a result of this development, the European Commission’s Phase 1 review timetable is automatically extended by 10 working days to 3 October 2014.
While there can be no assurances, Chiquita and Fyffes remain of the view that there is a good prospect that their proposed transaction can be cleared by the European Commission during its Phase I review.
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