Dole plc Announces Mutual Termination of Agreement with Fresh Express for the Sale of its Fresh Vegetables Division
Dole plc (NYSE: DOLE) (“Dole”) today announced that it has agreed with Fresh Express Incorporated (“Fresh Express”) to terminate the previously announced agreement under which Fresh Express would have acquired Dole’s Fresh Vegetables Division.
- Dole plc (NYSE: DOLE) (“Dole”) today announced that it has agreed with Fresh Express Incorporated (“Fresh Express”) to terminate the previously announced agreement under which Fresh Express would have acquired Dole’s Fresh Vegetables Division.
- This termination is the result of the U.S. Department of Justice’s decision that it will pursue litigation to prevent the transaction.
- While Dole strongly disagrees with the Department of Justice’s decision and continues to believe that the transaction was pro-competitive and would have unlocked ongoing benefits to customers and consumers, we remain confident that we will have an alternative path forward in the near term that is in the best interests of the Fresh Vegetables Division’s employees, customers, and partners, and the Dole plc shareholders.