09 Dec 2016 --- Irish fruit distributor Fyffes is to be acquired by Japan’s Sumitomo Corporation for €751 million. The two companies reached agreement following the cash offer by Sumitomo, which will see each Fyffes shareholder receiving €2.23 per ordinary share. The McCann family are the biggest shareholders with their investment vehicle holding over 12 per cent. The offer price is a premium of close to 50 per cent from yesterday’s closing price.
