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FYFFES SHAREHOLDERS WILL get a smaller share of the world’s biggest Banana supplier in a proposed tie-up between the Irish company and US fruit supplier Chiquita.
Investors were told this morning that the boards of the two companies, which officially announced they were in merger talks in March, had agreed Fyffes shareholders would get just over 40% of the combined $526 million (€413 million) operation.
Under a previous agreement investors in each company would get about half each of the combined business.
Fyffes executive chairman David McCann said merging the companies would be “strategic and compelling” with “synergies” that flowing from becoming the world’s top banana company.
Boards say yes
The board of the Dublin-headquartered company, which supplies branded bananas, pineapples, melons and other products, has recommended its shareholders go for the deal, assuming the High Court gave the revised plan the tick of approval.
Chiquita received a rival merger bid from Brazilian juice company Grupo Cutrale and investment firm Safra Group last month, throwing the merger with Fyffes into jeopardy.
The US business, which also supplies bananas and pineapples, as well as pre-prepared fruit and salad products, is still considering the South American consortium’s $614 million (€482 million) takeover bid.
Fyffes shareholders will get to vote on the deal in late October, four days after Chiquita’s investors make their decision.
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Its not going to be safe talking in front of inanimate objects anymore…. they’ll be all ears.
In future, I’ll be constantly crumpling the crisp packet I’m eating from whenever I’m having a conversation so the CIA, FBI, DEA, NSA, IRA, PSNI, GSOC etc can’t hear my conversations. It’s so annoying having to talk in riddles whenever I spot these people following me, taking pictures with their cameras, wearing sunglasses and dressed like American tourists to conceal their real identity!
Like a carbon rod
Did the sound come in crisp & clear?
The real story here. Tayto v king. Who wins, you decide (in my best Geordie BB accent)
Neither, Hunky Dory all the way.
Only sick degenerates eat tayto,even with its royal conatations King is king plus tayto’s a pykies name
How is your annual subscription to tayto park going though Paul. I hear you’re never out of the place.
I can’t go within 500 yards of it by court order
Kids discovered this years ago with tin cans and a piece of string.
Great, now I can’t even eat a packet of Tayto’s without the NSA listening in!
The journal has no shame.
http://www.theguardian.com/technology/2014/aug/05/mit-crisp-packet-eavesdrop-audio-sound
At least credit the Guardian
There’s a deadly comment on the original article on the guardian it was “so my tonfoil hats no good then”
Probably a syndicated article.
SeekingUniversalTruth – News outlets around the world have shared sources. Sorry if that’s a big shock to you. When you’re a little older we need to to tell you something about Christmas too.
No crisps in GSOC from now on.
Ooooh would love a tayto cheese and onion sambo now.
Whispering grass…
have your say