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Wynnefield: Increase in Cutrale-Safra Offer is “Significant”

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 views today’s updated offer by Cutrale-Safra to $14.50 per share in cash as a “significant” increase in the offer price and affirmed its support for the Cutrale-Safra transaction.