Total Produce is to combine with Dole Food Company under a newly created, United States-listed firm called Dole plc. Under the terms of the agreement, Total Produce shareholders will receive 82.5pc of shares in the newly created Dole company, with C&C shareholders receiving the remaining shares. This will make Dole the leading fresh produce company in the world, according to today’s statement. The transaction is subject to approval by Total Produce shareholders as well as regulatory approvals. Total Produce operates out of 30 countries and serves even more.

Source: Irish Independent February 17, 2021 07:49 UTC