UPDATE 1-Chiquita board rejects Cutrale-Safra offer, may weigh improved bid
October 16, 2014 at 18:09 PM EDT
SAO PAULO, Oct 16 (Reuters) - The board of Chiquita Brands International Inc on Thursday said a takeover bid by Brazilian juice maker Grupo Cutrale and investment firm Safra Group was "inadequate," and again recommended shareholders back a tie-up with Irish rival Fyffes Plc.
