Moneybags

Fyffes shareholders betting on a takeover battle

Date: January 12, 2017 - Moneybags

David McCann

DavidMcCann


THERE ARE peculiar aspects to the €751m (€2.23 a share) recommended takeover of Fyffes by the giant E12bn capitalised Japanese Sumitomo group. While both companies operate in the tropical fruit business, there is absolutely no overlap between their trades. Sumitomo operates only in the Pacific Far East, mainly shipping bananas from the Philippines to Japan,… Read more »

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