WILMINGTON, Del., Oct. 29, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own
shares of Chiquita Brands International, Inc. (NYSE:
CQB)?
- Did you
purchase any of your shares prior to October
27, 2014?
- Do you
think the proposed buyout price is too low?
- Do you want
to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Chiquita
Brands International, Inc. ("Chiquita" or the "Company") (NYSE:
CQB) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by the Cutrale-Safra Group ("Cutrale-Safra"), in a
transaction valued at approximately $1.3
billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/chiquita-brands-international-inc-cqb-buyout.
Under the terms of the agreement, public shareholders of
Chiquita would receive $14.50 per
share in cash for each share of Chiquita they own.
The investigation concerns whether Chiquita's board of directors
failed to adequately shop the Company and obtain the best possible
value for Chiquita's shareholders before entering into an agreement
with Cutrale-Safra. According to Yahoo! Finance, at least one
analyst has issued a price target for Chiquita stock at
$16.00 per share.
If you own the common stock of Chiquita and purchased your
shares before October 27, 2014, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/chiquita-brands-international-inc-cqb-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.