Dole ends sale of fresh vegetables division to Fresh Express amid DOJ challenge

seekingalpha03-28

Dole (NYSE:DOLE) disclosed on Thursday that it terminated its agreement to sell Dole's fresh vegetable division to Fresh Express after the Justice Dept. said it would sue to block the deal. "While ...

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The deal termination comes after Dole  announced in January of last year that it sell its fresh vegetables division to an affiliate of Fresh Express for approximately $293M in cash.  More on Dole  Dole Plc.  Q4 2023 Earnings Call Transcript Dole plc 2023 Q4 - Results - Earnings Call Presentation Dole: Undervalued As EPS Growth Expected Dole Q4 2023 Earnings","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4212":"包装食品与肉类","BK4539":"次新股","DOLE":"都乐食品"},"translate_title":"在DOJ挑战中，都乐终止将新鲜蔬菜部门出售给Fresh Express","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOLE":1},"content_text":"Dole (NYSE:DOLE) disclosed on Thursday that it terminated its agreement to sell Dole's fresh vegetable division to Fresh Express after the Justice Dept. said it would sue to block the deal. \"While Dole strongly disagrees with the Department of Justice’s decision and continues to believe that the transaction was pro-competitive and would have unlocked ongoing benefits to customers and consumers, we remain confident that we will have an alternative path forward in the near term that is in the best interests of the Fresh Vegetables Division’s employees, customers, and partners, and the Dole plc shareholders,\" Dole said in a statement on Thursday. The deal termination comes after Dole (DOLE) announced in January of last year that it sell its fresh vegetables division to an affiliate of Fresh Express for approximately $293M in cash.  More on Dole  Dole Plc. (DOLE) Q4 2023 Earnings Call Transcript Dole plc 2023 Q4 - Results - Earnings Call Presentation Dole: Undervalued As EPS Growth Expected Dole Q4 2023 Earnings Preview Dole to sell Progressive Produce to Arable Capital Partners for $120 million","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422198081"}