Dole sells worldwide packaged foods and Asia businesses

09/18/2012 03:19:00 PM
Tom Karst

David Murdock, chairman of Dole, said in the release that the transaction will result in a “more focused Dole” that will still retain more than $4 billion in revenue and a rich asset base.

“With a substantial reduction in debt and the expected cost savings, Dole will also be well-positioned to take advantage of growth opportunities within the fresh produce category,” Murdock said in the release.

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