This article in BBC reports that Chiquita is not pursuing an offer to be purchased by two firms. The offer price was 29% higher than the price at which Chiquita was trading. "Chiquita said on Thursday that the Brazil offer was 'inadequate and not in the best interests of Chiquita shareholders'".
Questions:
- Who decided to reject the offer?
- What information does the decider have?
- What incentives does the decider face?
- Is the decision in the best interests of the shareholder?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.