% | $
Quotes you view appear here for quick access.

Chiquita Brands International Inc. Message Board

  • A Yahoo! User Nov 4, 2012 2:30 PM Flag

    ITOCHU - a new player

    Dole entered into an Acquisition Agreement (the "Acquisition Agreement") with ITOCHU Corporation, a Japanese kabushiki kaisha ("ITOCHU"), pursuant to which the Company has agreed to sell to ITOCHU Dole's worldwide packaged foods business and Asia fresh business for $1.685 billion in cash on a cash-free, debt-free basis (the "Sale Transaction"). ITOCHU will acquire these businesses through the acquisition from the Company or one of its subsidiaries of all the outstanding equity interests of (1) a subsidiary to be formed in connection with the transaction which will hold the Company's Asia fresh business and the non-U.S. portions of its worldwide packaged foods business, and (2) a subsidiary of the Company holding the U.S. portions of the worldwide packaged foods business.