The transaction is expected to result in Chiquita shareholders owning approximately 50.7% of ChiquitaFyffes, and Fyffes shareholders owning approximately 49.3% of ChiquitaFyffes, on a fully diluted basis.
The agreement creates a global banana and other fresh produce company with approximately $4.6bn in annual revenues.
Chiquita and Fyffes plan to complete the transaction before the end of 2014.
© FoodBev Media Ltd 2024