Chiquita: Difference between revisions

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case name In June, 2024 Chiquita Brands was found liable for the killing of eight Colombians by the right wing paramilitary group United Self-Defense Forces of Colombia by a Florida court in the case John Doe 1 v. Chiquita Brands International, Inc.. The jury verdict ordered the company to pay USD 38.3 million to survivors of the victims.<ref name="kill">{{Cite news |last=Valencia |first=Jorge |date=2024-06-11 |title=Chiquita Held Liable for Deaths During Colombian Civil War |url=https:/
Doe v. Chiquita Brands International
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Chiquita is the successor to the [[United Fruit Company]]. It was formerly controlled by American businessman [[Carl Lindner Jr.]], whose majority ownership of the company ended when Chiquita Brands International exited a prepackaged Chapter 11 bankruptcy on 19 March 2002. In 2003, the company acquired the German produce distribution company, [[Atlanta AG]]. Fresh Express salads was purchased from Performance Food Group in 2005. Chiquita's former headquarters were located in [[Charlotte, North Carolina]].<ref name=Charlotte>{{cite news|url=http://www.charlotteobserver.com/2011/11/30/2813157/charlotte-chamber-holding-business.html |title=Chiquita relocating headquarters to Charlotte |last=Portillo |first=Ely |work=[[The Charlotte Observer]] |date=2011-11-30 |access-date=30 November 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120330225114/http://www.charlotteobserver.com/2011/11/30/2813157/charlotte-chamber-holding-business.html |archive-date=30 March 2012 }}</ref>
 
In June, 2024 Chiquita Brands was found liable for the killing of eight Colombians by the right wing paramilitary group [[United Self-Defense Forces of Colombia]] by a Florida court in the case [[John Doe 1 v. Chiquita Brands International, Inc.]]. The jury verdict ordered the company to pay USD 38.3 million to survivors of the victims.<ref name="kill">{{Cite news |last=Valencia |first=Jorge |date=2024-06-11 |title=Chiquita Held Liable for Deaths During Colombian Civil War |url=https://www.nytimes.com/2024/06/11/world/americas/chiquita-banana-lawsuit-colombia.html |access-date=2024-06-11 |work=The New York Times |language=en-US |issn=0362-4331}}</ref>
 
On 10 March 2014, Chiquita Brands International Inc. and [[Fyffes|Fyffes plc]] announced that the Boards of Directors of both companies unanimously approved a definitive agreement under which Chiquita would combine with Fyffes, in a stock-for-stock transaction that was expected to result in Chiquita shareholders owning approximately 50.7% of ChiquitaFyffes and Fyffes shareholders owning approximately 49.3% of the proposed ChiquitaFyffes, on a fully diluted basis. The agreement would have created the largest banana producer in the world and would have been domiciled in [[Ireland]].<ref name="investors.chiquita.com">{{cite web|title=Chiquita Brands International, Inc. And Fyffes Plc To Combine To Create Leading Global Produce Company|url=http://investors.chiquita.com/phoenix.zhtml?c=119836&p=irol-newsArticle&ID=1907370&highlight=|archive-url=https://web.archive.org/web/20160108032348/http://investors.chiquita.com/phoenix.zhtml?c=119836&p=irol-newsArticle&ID=1907370&highlight=|url-status=dead|archive-date=8 January 2016|publisher=Chiquita Brands International, Inc.|access-date=10 March 2014}}</ref> An intervening offer by Brazilian companies [[Cutrale]] and [[Safra Group]] of $611 million in August 2014 was rejected by Chiquita, with the company saying it would continue with its merger with Fyffes.<ref name="ChiquitaBid">{{cite news|title=Brazilian takeover offer rejected by US banana giant Chiquita|url=http://www.charlottestar.com/index.php/sid/224813151|date=16 August 2014|access-date=17 August 2014|work=Charlotte Star}}</ref> On 24 October, Chiquita announced that the shareholders at a Company Special Meeting had rejected the [[merger]] with Fyffes. Instead the Cutrale-Safra acquisition offer was then accepted by the shareholders.<ref>{{cite web |url=http://investors.chiquita.com/phoenix.zhtml?c=119836&p=irol-newsArticle&ID=1981683 |archive-url=https://archive.today/20141027155443/http://investors.chiquita.com/phoenix.zhtml?c=119836&p=irol-newsArticle&ID=1981683 |url-status=dead |archive-date=2014-10-27 |title=Chiquita - Investor Relations - Financial Release |website=Investors.chiquita.com |access-date=2016-07-28 }}</ref>