Dole Completes Spinoff of Real Estate, Resorts
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Dole Food Co., the giant Westlake Village food products concern, has completed the spinoff of its real estate and resort operations into a separate company.
Castle & Cooke Inc., a new, publicly held corporation whose shares trade on the New York Stock Exchange, owns the residential real estate and Hawaiian resort operations that were previously part of Dole.
As a result of the spinoff, Dole said its third-quarter loss from discontinued operations was restated to $105.1 million.
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