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The board of Dole has announced that the mandatory share exchange arrangement was implemented on July 29, 2021. As a result of the implementation, Dole acquired the entire issued share capital of Total Produce plc in exchange for the issue of new shares in the company to the Total Produce Shareholders.

Dole also announced that immediately following implementation of the mandatory share exchange arrangement, the previously announced merger between a subsidiary of the company and DFC Holdings, LLC, the parent company of Dole Food Company, Inc., was completed.

As a result of the merger and related transactions, affiliates of Castle & Cooke, Inc. received new shares in the company and Dole Food Company, Inc. became an indirect, wholly-owned subsidiary of the company, according to Business Wire.

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