Management was only thinking about their salaries at a bigger company. But it is going to BK Chiquita.
The banana division can not pay off the debt from the E-coli in a bag aquisition.
End of story but they will drag out the ending for a while.
Lots of little investors will be wiped out from buying in the dollar range.
But not to worry, management will be granted twenty percent of the new shares for free upon emerging from bankruptcy for agreeing to stay on and continuing to rape Chiquita. Woo Hoo. Love this corruption.