The Cutrale Group, a wholesale orange juice supplier, and the Safra Group, a private bank, have offered to acquire all of Chiquita shares for $13 a piece, or about $611 million, representing a 29 percent premium to Chiquita’s closing share price on Friday.
The unexpected offer sets up a stark choice for investors: proceed with Chiquita’s inversion-driven growth plan or cash out now. Chiquita’s shares jumped more than 30 percent on Monday, to slightly above the offer price, as investors responded to the bid.
If Cutrale and Safra succeed in acquiring Chiquita, the Fyffes deal would not happen, scuttling one of the year’s inversion deals, in which a United States company reincorporates abroad through a deal, lowering its tax rate and freeing up overseas cash.
Read more: The New York Times
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
