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Chiquita Saga 'Not Over Yet' Says Analyst

By square1
Chiquita Saga 'Not Over Yet' Says Analyst

The battle for control of Chiquita is "not over yet", according to Goodbody analyst Patrick Higgins.

Higgins suggests that Cutrale-Safra, the group whose bid to take control of Chiquita last week was rejected, may be readying "a more hostile stance going forward."

Chiquita issued a statement last week, saying that the Cutrale-Safra bid was 'inadequate' and 'not in the best interests of shareholders'.

"Cutrale-Safra were quick to respond, expressing their disappointment and noting that they are now considering all alternatives, including appealing directly to Chiquita shareholders," said Higgins.

As this saga enters a new week, shareholders will be eager to see what Cutrale-Safra's next move is.


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