{"id":170348,"date":"2023-01-31T17:26:18","date_gmt":"2023-01-31T17:26:18","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170348"},"modified":"2023-01-31T17:26:18","modified_gmt":"2023-01-31T17:26:18","slug":"dole-up-10-to-sell-its-fresh-vegetables-division-to-reduce-debt","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/dole-up-10-to-sell-its-fresh-vegetables-division-to-reduce-debt\/","title":{"rendered":"Dole Up 10%; To Sell Its Fresh Vegetables Division To Reduce Debt"},"content":{"rendered":"<p> Shares of Dole plc (DOLE) are rising more than 10% Tuesday morning after the company announced its decision sell Dole&#8217;s Fresh Vegetables Division to an affiliate of Fresh Express Incorporated, a unit of Chiquita Holdings Limited, for about $293 million, to be paid in cash, subject to certain adjustments.<\/p>\n<p>The company plans to reduce debt using the net proceeds from the offer.<\/p>\n<p>&#8220;We believe the sale of this division will strengthen our financial position and increase the Group&#8217;s focus on and investments in our core activities,&#8221; Commenting on the transaction, Carl McCann, Executive Chairman of Dole plc <br \/>said.<\/p>\n<p>DOLE is at $11.82. It has traded in the range of $7.20-$15.78 in the last 1 year. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3340618\/dole-up-10-to-sell-its-fresh-vegetables-division-to-reduce-debt.aspx?utm_source=rttnews&#038;utm_campaign=stockalerthome\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Dole plc (DOLE) are rising<\/p>\n","protected":false},"author":3,"featured_media":170347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dole Up 10%; To Sell Its Fresh Vegetables Division To Reduce Debt - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/bitcoin\/dole-up-10-to-sell-its-fresh-vegetables-division-to-reduce-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dole Up 10%; 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