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Dole plc, a newly created company formed for the combination of Total Produce plc and Dole Food Company, Inc., announced today the pricing of its initial public offering of 25,000,000 ordinary shares at a price of $16.00 per share. The ordinary shares are being offered by Dole plc for total gross proceeds of $400 million, before deducting underwriting discounts and commissions and offering expenses. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3,750,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on July 30, 2021 under the ticker symbol DOLE and the offering is expected to close on August 3, 2021, subject to customary closing conditions.
Dole plc announces launch of IPO – Produce Blue Book
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Total Produce plc & Dole Food Company, Inc : Dole plc Files Registration Statement with SEC for Proposed Initial Public Offering
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Total Produce plc: Total Produce to Combine With Dole Food Company and Become Publicly Listed in the U.S.
Transaction Highlights:
Total Produce plc ( Total Produce ), Europe s leading fresh produce company, Dole Food Company, Inc. ( Dole ), and affiliates of Castle Cooke, Inc. (the C&C shareholders ), which own a 55% interest in Dole s parent company ( Dole Holdings ) (together, the Parties ), are pleased to announce that they have entered into a binding transaction agreement (the Agreement ) to combine under a newly created, U.S. listed company (
Dole plc ) (the Transaction ).
The Transaction will simplify the existing structure between the two companies by unifying Dole and Total Produce under common ownership, with the objective of enabling full operational integration, realisation of synergies and value creation across the enlarged business.