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Wynnefield Capital Rejects Chiquita-Fyffes Proposal as Inferior, Questions Chiquita Board’s Behavior

NEW YORK--(BUSINESS WIRE)--Wynnefield Capital, a long-term holder of Chiquita Brands (NYSE: CQB), owning 1,646,103 shares or 3.5% of the company, today announced that it rejects the Fyffes transaction backed by the Chiquita board as offering inferior value, and that it supports the recently announced $14.00 per share offer made by the Cutrale-Safra Group.