U.S.: Dole Food Company could be for sale
Less than five months after filing to go public, the world's largest fresh fruit and vegetable company is now reportedly exploring a sale.
The Wall Street Journal reported the first round of bids for Dole Food Company had been due last week, citing people familiar with the matter.
It said private-equity firms were among those potentially interested.
The dual-track process of preparing for a public offering and considering a sale is not uncommon, according to the Wall Street Journal, which predicted that Dole Food could garner a valuation in the US$2 billion range.
In late August, Dole announced plans to sell its corporate headquarters and pull out of its Southern California strawberry operations ahead of the third initial public offering (IPO) announced in April.
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