Deals
Fruit Producer Dole Looking to Raise $400 Million in Third IPO
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Fruit and vegetable producer Dole Food Co. is seeking to raise about $400 million in its third initial public offering, according to a person familiar with the matter.
Dole’s 94-year-old chairman and 100 percent owner, David H. Murdock, is bringing the company to market for the third time in its 166-year history. The company raised $446.4 million the last time it went public in 2009, according to data compiled by Bloomberg. Morgan Stanley, Bank of America Corp. and Deutsche Bank AG are leading the offering this time, according to a filing with the U.S. Securities and Exchange Commission last month.