date:Sep 19, 2012
As reported last week by FoodNavigator-Asia, the transaction results from Doles previously announced strategic business review process, and is now subject to Dole stockholder approval and customary regulatory approvals across multiple countries.
Cash proceeds from the transaction will be used by Dole for debt reduction, to pay deal-related expenses, and for restructuring and other corporate purposes.
Dole Worldwide Packaged Foods produces a range of products from canned pineapples to healthy s