The Cutrale Group and the Safra Group proposed to acquire all of the outstanding stock of Chiquita Brands Inc. at a price of $13.00 per share in cash to Chiquita shareholders, valuing Chiquita at approximately $1.2 billion including debt. Cravath is representing the Cutrale Group and the Safra Group in connection with this transaction. Chiquita Brands and Fyffes plc previously entered into a definitive agreement under which Chiquita would combine with Fyffes in a stock-for-stock transaction. It is anticipated that the Cutrale Group and the Safra Group’s proposed acquisition of Chiquita would close before the end of the year and would be subject to termination of the Fyffes transaction agreement.

The Cravath team is led by partners Richard Hall and Andrew R. Thompson.