Dole to sell businesses to Japanese company

Filed under: AM Roundup |

Lower profits has led Dole Foods to sell some of its businesses to Japanese company Itochu for $1.7 billion, said the LA Times.

The money will help Dole pay off its debts and create a smaller, more streamlined company. The news sent Dole’s stock up 6.6 percent in early trading.

Read more at the Los Angeles Times.