date:Sep 14, 2012
US-based Dole Food is in advanced talks with Japanese trading house Itochu over the sale of its packaged foods and Asian fresh fruit and vegetable businesses.
Itochu could pay about $1.7bn for the businesses, reported Reuters citing sources familiar with the matter.
Dole said in a statement that no definitive agreements have been signed at this time, and it is continuing discussions with several other parties regarding these assets and others.
Dole Food's packaged foods business offers canned