INVESTOR ALERT: Law Firm of Levi & Korsinsky, LLP Launches Investigation Against the Board of Directors of Chiquita Brands In...
October 29 2014 - 1:21PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Chiquita Brands International Inc. (“Chiquita” or “the Company”)
(NYSE: CQB) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Cutrale-Safra.
Click here to learn more about the investigation:
http://zlk.9nl.com/chiquita-brands-international-cqb.
Under the terms of the transaction, Chiquita shareholders will
receive $14.50 for each share of Chiquita stock they own. The
investigation concerns whether the Board of Chiquita breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Cutrale-Safra is underpaying for Chiquita shares. At least one
analyst has set a price target for Chiquita stock at $16 per
share.
If you own Chiquita common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/chiquita-brands-international-cqb.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866)
367-6510www.zlk.com