Dole Food announces pricing for stock offering

by FoodBusinessNews.net Staff
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WESTLAKE VILLAGE, CALIF. — Dole Food Co. has announced pricing for its initial public offering of 35,715,000 shares of common stock at $12.50 per share.

The company said this represents 41% of the capital stock outstanding with the remaining held by David H. Murdock. Shares will begin trading today on the New York Stock Exchange under the symbol "DOLE," and the offering is expected to close on Oct. 28.

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