Dole Food Co., the fresh fruit and vegetable producer being taken private by its chief executive officer, and Omnitracs Inc., a transportation and logistics company seeking loans to back its private-equity buyout, are planning lender meetings this week to discuss deal financing.
Dole Food Co., the fresh fruit and vegetable producer, plans to meet with lenders this week on a portion of the $1.15 billion financing backing the company’s purchase by Chief Executive Officer David Murdock.
Gibson, Dunn & Crutcher LLP is representing Dole Food Co., which agreed to a higher takeover offer from Chairman and Chief Executive Officer David Murdock in a deal that values the fresh fruit and vegetable producer and marketer at $1.21 billion. Sullivan & Cromwell LLP represents the special committee to Dole. Paul Hastings LLP represents Murdock.
Toyota Motor Corp. is using $199-a- month leases on its Camry to keep it the top-selling car in the U.S., much as it did to recover from record recalls and Japan’s tsunami. Now it’s pulling the rest of the industry with it.