Negotiations for Greenyard multibillion dollar takeover of fruit producer Dole fail

ID 69830833 Mvogel | Dreamstime.com

A proposed $2.5bn takeover of one of the largest fresh fruit producers, US-based Dole, appears to have failed.

Belgian fresh produce group Greenyard has told investors that negotiations had failed last week.

Confirmation of Greenyard’s interest in Dole emerged in mid-December, a deal calculated to be worth as much as $2.5bn.

Dole’s owners, which took the company private in a $1.2bn deal around four years ago, have been looking for some kind of partial exit and in April last year filed initial public offering ...