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California-Based Dole Food May Be for Sale.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, January, 2000
Jan. 19--Dole Food Co. Inc., reeling from falling stock prices, weak European sales and the devastation of its Central American operations by Hurricane Mitch, said Tuesday it has hired the investment banker Goldman Sachs to explore "strategic alternatives to enhance shareholder value."
Analysts said Goldman would look at many alternatives, such as selling some operations, making an acquisition or the sale of Dole itself.
In a statement, Dole noted: "There can be no assurance that any strategic alternative will be pursued or that any transaction will be consummated."
Dole is the world's largest producer of fresh fruit, vegetables and flowers, with annual sales of $5 billion. It is Monterey County's largest private employer, with about 3,500...
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