Dive Brief:
- The fight is over: The Cutrale and Safra groups now own Chiquita Brands International.
- Cutrale-Safra completed a "short-form" merger, per an option in its merger agreement. This was following Cutrale-Safra completing its tender offer for Chiquita, which was reported earlier today.
- The war to acquire Chiquita has been closely watched by the food industry.
Dive Insight:
It's been a long time coming for all the pieces of the puzzle to materialize, but it looks like all is in place. It will be interesting to see how Cutrale-Safra fares with ownership of the banana heavyweight.