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A last-minute increased offer by Brazilian juice exporter Cutrale Group and investment bank Safra derailed banana giant Chiquita's plans to merge with European rival Fyffe's on Friday. Chiquita shareholders voted down the merger, which would have created the world's largest banana trader, opening the way for the Brazilian duo to take over the iconic US firm in a deal worth more than $680 million. A takeover would propel Cutrale, which claims a one-third share of the $5 billion global orange juice market, into the top ranks in the global fruit and vegetable trade. Chiquita and Fyffes had announced their deal in March, with the US company aiming to reap the tax advantages of moving its domicile to Fyffe's home base in Ireland in a controversial inversion deal.