Provided by
Dow Jones
Tonya Garcia
Dole and Ireland-based Total Produce are merging, combining two companies each with 170 years of history
Dole Plc, the Dublin, Ireland-based fruit and vegetable giant, is going public with plans to list on the New York Stock Exchange under the ticker 'DOLE.'
The company plans to offer 26 million shares priced at $20 to $23 each. At the top end of that range, the company would raise $598 million and it would be valued at $2.1 billion.
Goldman Sachs & Co., Deutsche Bank and Davy are the lead underwriters in a syndicate of seven banks working on the deal.
Dole Plc is the result of a merger of Dole Food Company and Ireland-based Total Produce, a process that began in 2018 when Total Produce took a 45% stake in Dole.