Dole won't become a listed company after all

Less than a week after negotiations about the American company's takeover by the Belgian company, Greenyard, ran aground, the Dole Food Company has put its plans for an Initial Public Offering (IPO) on hold. In a document filed at the Securities and Exchange Commission, the plans for this IPO, that were announced in April, were withdrawn. This is according to various media sources.

In April 2017, the first steps toward listing on the stock exchange were taken. It was estimated that this IPO would bring in about $400 million. On 31 March 2017, Dole reported a turnover of $4,5 billion for the previous 12 months.

After this initial announcement, things were quiet until December. It was then leaked that Dole was in talks with Greenyard over a possible takeover. Last week, Hein Deprez, Greenyard's majority shareholder, made it known that these negotiations had failed.


Publication date: 1/11/2018


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