Dole Launches 35.7M-Share IPO With Eye On $500M

Law360, New York (October 13, 2009, 2:48 PM EDT) -- Dole Food Co. Inc., the world's largest producer and marketer of fresh fruit and vegetables, revealed Tuesday that it had launched an initial public offering of 35.7 million shares priced at between $13 and $15 per share, as part of the company's plan to sell up to $500 million of stock.

The Westlake Village, Calif.-based company said underwriters would have the option to purchase from Dole up to an additional 5.4 million shares of common stock.

In August, the produce giant filed a registration statement with...
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