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CHIQUITA ACCEPTS ALL SHARES TENDERED IN EXCHANGE OFFER

 CHIQUITA ACCEPTS ALL SHARES TENDERED IN EXCHANGE OFFER
 CINCINNATI, Nov. 2 /PRNewswire/ -- Chiquita Brands International,


Inc. (NYSE: CQB) announced today that it has accepted all shares validly tendered in its offer to exchange new $1.32 Depositary Shares for shares of common stock. The exchange offer expired at 5:00 p.m., Eastern Time, on Friday, Oct. 30, 1992 and at that time, a total of approximately 3.2 million shares of common stock had been tendered. This includes 1 million shares tendered by American Financial Corporation, which, after giving effect to the issuance of the Depositary Shares, will own approximately 47 percent of the company's outstanding common stock.
 The company expects to announce the final number of shares validly tendered and Depositary Shares to be issued on Nov. 9, following the deadline for receipt of stock certificates under the exchange offer's guaranteed delivery procedures. The company anticipates that certificates for the Depositary Shares will be mailed during the week of Nov. 16.
 The Depositary Shares are expected to begin "when issued" trading on the New York Stock Exchange early this week under the symbol CQB PRP.
 Chiquita is a leading international marketer, processor and producer of quality fresh and prepared food products.
 -0- 11/2/92
 /CONTACT: Sandra W. Heimann of Chiquita Brands International, 513-784-8011/
 (CQB) CO: Chiquita Brands International ST: Ohio IN: FOD SU: OFR


KK -- CL001 -- 1432 11/02/92 09:35 EST
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Date:Nov 2, 1992
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