Thu, 10th May 2012 13:58
(ShareCast News) - Sumitomo Corporation's €751m (£646m) takeover of fruit distributor Fyffes has been cleared by the European Commission. AIM-Listed Fyffe's agreed to the deal last December. Fyffes shareholders are to receive €2.23 per share under the terms of the transaction.
Read more(ShareCast News) - Fyffes has agreed to be bought by Japan's Sumitomo in a €751.4m deal. Under the terms of the acquisition, the Irish food distributor - known for its banana business - will receive €2.23 in cash for each of its shares, which is a premium of around 49% to the closing price on Thursd
Read more(ShareCast News) - Irish fruit and fresh produce company Fyffes raised about €47m through a share placing on the London and Irish stock exchanges. The company, through stock broker J&E Davy, will place about 31.45m shares at €1.50, with each share carrying a voting right and a dividend payment, repr
Read more(ShareCast News) - Fyffes' has returned to Canada for second helpings of mushroom, acquiring Canada's second largest fungi farmer, All Season Mushrooms, for CAD$59.1m (€41m) after buying the country's number-one producer earlier in the year. Ireland-based and AIM-listed Fyffes bought 100% of All Sea
Read more(ShareCast News) - Fyffes expanded into the Canadian mushroom business on Friday, purchasing 100% of the equity of the country's largest producer. The AIM-traded banana company said it paid CAD 145m (£77.9m) for Highline Produce, funded through new and existing bank debt. Fyffes' board described Hi
Read more(ShareCast News) - Brits going bananas for imported fruit made for a good year at Fyffes in its annnual report on Friday, but investors weren't sharing the sentiment. The AIM-traded company saw EBITDA increase 16.4% to €56.1m (£44.2m) in the 2015 calendar year, and reported earnings per share growth
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