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...Irish fruit distributor Fyffes traded on a multiple of less than two times in the run-up to its 2016 acquisition by a subsidiary of Japanese conglomerate Sumitomo, according Capital IQ data....
...Shareholders in Total Produce, which was formed in 2006 by a demerger from tropical fruit group Fyffes, will receive 82.5 per cent of shares in the new Ireland-incorporated entity, Dole plc, while Castle...
...The farm is a division of Fyffes, the Irish fruit company....
...Sumitomo will provide Fyffes with experience, support and investment to continue to build on the tremendous Fyffes skills and experience and reach greater potential....
...On Friday it announced it will pay €751m in cash (plus some net debt) to buy Fyffes, the Dublin-listed fruit producer. About time someone did; Fyffes was ripe for the plucking....
...In 1986 FII bought Fyffes, which was then a British company....
...The deal with Sumitomo is still subject to approval by Fyffes shareholders....
...Banana giant Fyffes has made a fresh run at the Canadian mushroom industry....
...The Fyffes board has recommended the €2.25 a share offer....
...Fyffes, the London-listed distributor of bananas and other tropical fruit, is expecting its profits to mushroom this year at a greater rate than previously expected, after recently swooping on Canadian fungi...
...that the Fyffes Directors have unanimously agreed to recommend our offer to shareholders.”...
...Fyffes, best known for importing and exporting tropical fruit, has bought Canada’s largest mushroom producer....
...Sumitomo on Friday agreed to acquire Irish fruit distributor Fyffes for €751m to expand its European food business. “The rebound [in commodity prices] could be short-term....
...Music hall singer Will Fyffe claimed that after a couple of drinks on a Saturday night Glasgow belonged to him....
...It said on Monday that “a protracted process is not in the interests of Fyffes’ business and shareholders”....
...Fyffes also argues that it would provide more long-term value....
...David McCann, Fyffes executive chairman, said: “The combination of Chiquita and Fyffes is strategic and compelling, creating the number one banana company globally, with synergies that can only be achieved...
...However, it is likely not the end of Fyffes’ dealmaking days, he said....
...In a filing with the US Securities and Exchange Commission released on Tuesday, Fyffes claimed that Cutrale and Mr Safra “have sought to create the false impression that Fyffes shareholders . . . will allow...
...As they looked closer, they liked it still less: the shares fell a fifth between the announcement of the Fyffes merger and the approach from Cutrale....
...Up until earlier this month, the merger between Chiquita and Fyffes was presumed to be a done deal....
...Chiquita defended its planned tie-up with smaller rival Fyffes, saying in a statement: We continue to strongly believe in the strategic merits and value provided by the proposed transaction with Fyffes....
...At $14.50 a share the Brazilian offer is a 34 per cent premium to Chiquita’s closing price before the announcement of the Fyffes merger in March....
...The hopes of the Fyffes clan in Dublin must be high....
Lex’s Sujeet Indap and James Fontanella-Khan discuss the rationale behind the offer to acquire Chiquita
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