Jul. 2 at 3:17 AM
$DOLE
Carrying a dying fresh vegetable division only to sell it for half of what it was worth to some shitty capital firm is a hard loss, but we're coming back with a vengeance.
>Dole announced in January 2023 that it planned to divest the segment to Fresh Express, a subsidiary of Chiquita Brands International, for about
$293 million. But the transaction was terminated a year later amid opposition from the DOJ, which alleged the deal would reduce competition and lead to higher prices.
They had to carry the business for 2+ years before shedding it for 140 million to "Organicgirl" - 50% off to the buyer courtesy of the DOJ. We were ready to sell to Chiquita and now we are fully absolved of tossing any more salads.
