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Dole goes back to the stock market

Dole Food is researching a return to the stock exchange, according to The Wall Street Journal. Among others, private equity firms are said to be interested in the shares. Dole reported an EBIYDA of 215.6 million dollars over 2016. The Wall Street Journal calculated that comparable companies, such as Fresh Del Monte Produce, are valued at eight times the EBITDA. Based on this formula Dole would represent a value of around 2 billion dollars.

Dole is a private business at the moment in the hands of the 90 year old billionaire David Murdock. He received the company in 1985 after the takeover of a real estate company. In 2003 he took Dole off of the stock market, only to bring it back in 2009. In 2013 Dole continued as a private company in the hands of Murdock.

source: The Wall Street Journal