Total Produce PLC - Dundalk, Ireland-based fresh produce firm - Says the initial public offering price for joint venture company Dole PLC has been cut to between USD16 and USD17 per share from USD20 to USD23 previously.
Total Produce said stake in Dole after IPO will be reduced from 61.5% to 57.1% using the mid-point of the revised price range compared to the mid-point of the previously announced price range.
Current stock price: 185.00 pence, down 12% on Wednesday
Year-to-date change: up 51%
By Amrit Sahota; newsroom@alliancenews.com
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