Chiquita Brands files for bankruptcy

Nov. 28, 2001 at 11:39 AM
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CINCINNATI, Nov. 28 (UPI) -- Chiquita Brands International Inc., the holding company of the worldwide banana distributor, Wednesday filed a prearranged bankruptcy plan and said it hoped to emerge from bankruptcy by spring. The Chapter 11 filing will give Chiquita time to reorganize about $900 million in publicly traded debt.

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