Dole Food Company prices IPO at $12.50, below the range

Dole Food Company, a leading global branded fruit and vegetable company, raised $446 million by offering 35,715,000 at $12.50, below the proposed range of $13.00 to $15.00. Dole Food Company plans to list on the NYSE under the symbol DOLE. Goldman Sachs, BofA Merrill Lynch, and Deutsche Bank acted as lead managers on the deal.