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Chiquita: Breakup with Charlotte to cost company up to $40 million

2015-01-22 08:52:30| Agriculture - Topix.net

Chiquita Brands International said Wednesday that its divorce from Charlotte is expected to cost the company $25 million to $40 million, as the company pays severance costs and refunds state and local governments for incentives they paid to lure the company three years ago. The company said last week that it plans torelocate its global headquarters from the NASCAR Plaza office tower, after a $681 million acquisition by two Brazilian companies that took Chiquita private.

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