Dole completes sale of Worldwide Packaged Foods and Asia Fresh Businesses to ITOCHU Corporation
date:Apr 03, 2013
he sale transaction, was used to pay off Doles existing indebtedness of approximately $1.7 billion, to pay transaction-related taxes, costs and expenses, and to pay for the extinguishment of all of its long-term Japanese yen hedges and the European Commissions fine of 45.6 million; and provides funding for the anticipated right-sizing of the new Dole and other post-closing restructuring expenses, and the possible resolution of the previously disclosed Honduras tax case and the DBCP cases.

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