The Law Office of Brad Wertheimer Investigates Claims That the Proposed Acquisition May Not Be in the Best Interest of Investors of Chiquita Brands International, Inc.
PHILADELPHIA, Oct. 28, 2014 /PRNewswire/ -- The Law Offices of Brad Wertheimer is investigating claims on behalf of investors in Chiquita Brands International Inc. (NYSE: CQB), concerning the proposed acquisition of Chiquita by Cutrale-Safra. Chiquita shareholders seeking more information about this acquisition are advised to contact Kenneth Cooper at 267.687.2720 or [email protected].
The investigation concerns whether the Chiquita directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the agreement, Cutrale-Safra will acquire all outstanding shares of Chiquita for $14.50 per share in an all cash transaction valued at $1.3 billion, including the assumption of Chiquita's net debt. However, at least one analyst has a price target of $16.00.
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SOURCE Law Offices of Brad Wertheimer
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