Dole Scraps Sale of Vegetables Unit After DOJ Threatens to Sue
By Will Feuer
Fruit-and-vegetables distributor Dole said it is abandoning the sale of its fresh vegetables business to Fresh Express after the U.S. Department of Justice said it would sue to block the transaction.
Dole said it disagrees with the Justice Department and believes the deal would have benefited customers.
Dole said in January of 2023 that it had agreed to sell the unit for $293 million to Fresh Express, a subsidiary of Chiquita Holdings. The unit, which processes and sells everything from leaf lettuces and cauliflower to artichokes and meal kits, generated sales of $1.28 billion in 2021.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 28, 2024 06:28 ET (10:28 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software