Banana firm Chiquita has rejected a takeover bid by Brazil's Cutrale and Safra groups, saying it was sticking to its plan to merge with European fruit seller Fyffes.
Chiquita said the offer from Brazil was "inadequate" and that it would not hold talks with the groups "at this time".
Fruit juice firm Cutrale and investment bank Safra made a $611m (£363m) bid for US-based Chiquita on Monday.
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