Article: United States: Dole to raise up to $500-million in IPO - sourced PennyStockChaser.com.

Byline: rakshali03

Dole Food Company, Inc. announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The offered shares will include shares to be newly issued by Dole as well as shares to be sold by the sole current stockholder of the company. The number of shares to be offered, the allocation of shares to be sold as between Dole and its sole stockholder and the price range for the offering has not yet been determined.

Dole expects to use the net proceeds it receives from the offering to pay down certain indebtedness, and the ...

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