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S.A.C. Capital cuts stake to less than 5% in Chiquita Brands
By E. Janene Geiss
Philadelphia, Jan. 7 - S.A.C. Capital Advisors, LLC trimmed its equity investment to less than 5% in Chiquita Brands International, Inc. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.
Those holdings are down from the passive stake of 5.4%, or 2,316,900 shares, that the company reported owning on May 2, 2008, according to an SC 13G filing.
Chiquita is a Cincinnati-based fruit and vegetable importer and processor.
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