Total Produce (AIM:TOT) - AIM deal of the week is a whopper - keep following this one!
Total Produce, a leading fresh produce company and one of AIM’s larger companies has announced a whopping deal. It looks a fascinating transaction and with the McCann family directing things, having already cashed in big-time with the sale of Fyffes, Total Produce could be on to much bigger things..
Total Produce (AIM:TOT) is acquiring a 45% equity stake in Dole Food Company from US billionaire Mr. David H. Murdock for a cash consideration of US$300m. TOT is dual listed on AIM and Dublin’s ESM markets and you can use our AIMsearch tool from the link here to check its Inheritance Tax qualifying status. - One of the largest fresh produce companies in the world Founded in 1851, Dole, which has a colourful past, is one of the world’s leading producers, marketers and distributors of fresh fruit and fresh vegetables. Mr Murdock acquired a majority shareholding Dole in 1985 when…