| 7.3°C Dublin

Chiquita says Fyffes grants waiver to talk with Cutrale, Safra

Close

Fyffes’ boss David McCann

Fyffes’ boss David McCann

Fyffes’ boss David McCann

Banana producer Chiquita Brands International Inc said Fyffes Plc has granted a waiver to engage in discussions with juice maker Cutrale and investment firm Safra Group regarding their $611m takeover bid.

Chiquita said it has sent a letter to the two firms, saying it was willing to hear another offer.

The U.S. fruit firm had last month rejected Cutrale and Safra's bid in favor of a merger with Dublin-based Fyffes.

Fyffes and Chiquita continue to recommend the original combination while the latter postponed its special meeting of shareholders to vote on the proposed transaction with Fyffes to October 3 2014.

Reuters