Daily Tax Update - October 27, 2014: Chiquita Announces Merger Following Shareholders' Termination of Inversion

Chiquita Announces Merger Following Shareholders’ Termination of Inversion:  Today, Chiquita Brands International Inc. agreed to a $14.50/share acquisition by Cutrale-Safra Group.  The agreement comes after shareholders on Friday voted down a $526 million deal to merge with Fyffes PLC and re-domicile in Ireland.  In Friday’s announcement, the company did not cite the anti-inversion guidance issued by Treasury last month.