Total Produce, Dole Food to Combine in All Stock Transaction

Total Produce shareholders will receive 82.5% of newly created Dole Plc shares, according to filing.

• Transaction is expected to be equivalent to at least EU2.15 per Total Produce share, 46% premium over Tuesday close
• Castle & Cooke shareholders to receive 17.5% of Dole Plc shares
• Dole Plc intends to target raising $500m to $700m in primary equity capital

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