date:Sep 15, 2012
est in a massive spree of overseas acquisitions by Japanese companies. The Nikkei business daily has speculated that Itochu might spend as much as US$1.7bn to complete the purchase.
California-based Dole has built a sizeable global reputation for its fresh pineapples and bananas. However, there are suggestions that this proposed purchase follows a strategic review of operations launched by the company earlier this year on the back of a slump in earnings.
The food industry has been a major targ