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Chiquita says Fyffes grants waiver to talk with Cutrale, Safra

Reuters - UK Focus

Sept 8 (Reuters) - Banana producer Chiquita Brands International Inc said Fyffes Plc (Other OTC: FYFFF - news) has granted a waiver to engage in discussions with juice maker Cutrale and investment firm Safra Group regarding their $611 million takeover bid.

Chiquita said it has sent a letter to the two firms, saying it was willing to hear another offer.

The U.S. fruit firm had last month rejected Cutrale and Safra's bid in favor of a merger with Ireland (Other OTC: IRLD - news) 's Fyffes. (Reporting by Ramkumar Iyer in Bangalore; Editing by Sriraj Kalluvila)