NYSE:DOLEFood
Will Dole's (DOLE) Secondary Share Sale Shift Perceptions of Major Shareholder Confidence?
Earlier this month, Dole plc completed a follow-on equity offering, with nearly 12 million ordinary shares sold by existing shareholders at US$13.25 per share, raising about US$157.9 million, though the company itself did not receive any proceeds from the sale.
This type of secondary offering by major shareholders can raise questions about their confidence in Dole’s near-term prospects and often attracts attention from the broader investor community.
We’ll examine how the recent secondary...