Latham & Watkins Advises the Underwriters in Dole’s US$400 Million Initial Public Offering

Dole plc, a newly created company formed for the combination of Total Produce plc and Dole Food Company, Inc., has announced the pricing of its initial public offering of 25,000,000 ordinary shares at a price of US$16 per share. The ordinary shares are being offered by Dole plc for total gross proceeds of US$400 million, before deducting underwriting discounts and commissions and offering expenses. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3,750,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. The shares will be listed on the New York Stock Exchange under the ticker symbol DOLE and the offering is expected to close on August 3, 2021, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe, Ian Schuman, and Adam Gelardi, with associates Danny Shulman, James Dorian and Andrew Borruso. Advice was also provided on tax matters by New York partner Jocelyn Noll; on environmental, land & resources matters by New York counsel David Langer and associate Benjamin Einhouse; on benefits & compensation matters by New York partner Jennifer Pepin; and on export controls, economic sanctions & customs matters by Washington, D.C. partner Les Carnegie.