13 May 2008 - Private asset management firm SAC Capital Management LLC has acquired a 5.4% stake in Chiquita Brands International Inc., the former has reported in a statement filed with the US Securities and Exchange Commission.
SAC Capital now owns in excess of 2.316 million shares in the leading international distributor of bananas and other fresh and processed food products.
The privately owned hedge fund company made clear its intentions not to influence or take part in Chiquita’s operations by filing a statement of beneficial ownership of common stock.
Chiquita shares were trading at $23.94 at 11am ET, up 1.53%.