Dole to sell businesses to Japanese company

September 19, 2012 | Filed under: AM Roundup | Posted by:
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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.