10/12/09

Dole Food Company, a leading global branded fruit and vegetable company, announced terms for its IPO on Monday. The Westlake Village, CA-based company plans to raise $500 million by offering 35.7 million shares at a price range of $13.00 to $15.00. At the mid-point of the proposed range, Dole Food Company will command a market value of $1.2 billion. Dole Food Company, which was founded in 1851 and booked $7.2 billion in sales over the last 12 months, plans to list on the NYSE under the symbol DOLE. Goldman Sachs, BofA Merrill Lynch, Deutsche Bank and Wells Fargo Securities are the lead underwriters on the deal, which is expected to price during the week of Oct. 19.

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