Dole Announces €158M Share Offering Amid Global Market Shifts
Dole plc announces €158M secondary share offering priced at $13.25 per share, marking significant ownership restructuring amid global economic uncertainty. Goldman Sachs leads the strategic market placement.
Dole plc headquarters in Dublin, Ireland, where the company announced its latest secondary share offering
Dole plc Prices Secondary Share Offering at $13.25 Amid Economic Uncertainty
DUBLIN, September 4, 2025 - In a significant market move that comes as global economic headwinds continue to strengthen, Dole plc (NYSE: DOLE) has announced the pricing of its secondary offering at $13.25 per share, totaling approximately €158 million.
The offering, which comprises 11,917,263 ordinary shares from Castle & Cooke Holdings, Inc. and The Murdock Group, LLC, reflects ongoing market dynamics at a time when Irish economic indicators show concerning trends.
Strategic Market Positioning
Goldman Sachs & Co. LLC is spearheading the offering as the sole book-running manager, with the transaction expected to conclude by September 5, 2025. This move comes as Irish corporate performance faces increased scrutiny amid changing global market conditions.
Impact on Global Fresh Produce Market
As a global leader in fresh produce distribution across 85 countries, Dole's market positioning remains crucial for international trade relationships. The company's commitment to sustainable practices and local sourcing aligns with growing consumer demands for environmentally conscious business operations.
"The offering represents a strategic shift in ownership structure while maintaining Dole's operational focus on global fresh produce distribution and sustainability initiatives," notes market analyst Sarah O'Brien.
Regulatory Compliance and Future Outlook
The offering is being conducted through an automatically effective shelf registration statement filed with the SEC, ensuring full regulatory compliance. While Dole will not receive proceeds from this secondary offering, the transaction signals important shifts in ownership structure at a critical time for global food supply chains.
Investors and stakeholders can access detailed offering information through Goldman Sachs & Co. LLC's Prospectus Department or the SEC's website, with all transactions subject to standard closing conditions and securities regulations.
Van Morrison
Irish journalist exploring the intersections of politics, culture, and identity across Ireland and the wider Celtic world.