US fruit and vegetable business Dole Food Co. has cancelled plans to launch on the stock market just days after talks on the sale of the business fell through.
It has advised the US Securities and Exchange Commission, through a filing, that it will not be proceeding with the IPO plans it formulated last April.
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California-based Dole did not give a reason for its withdrawal, telling regulators it “has determined not to pursue the contemplated public offering at this time.”
When contacted by just-food, the company declined to comment on the matter.
At the start of this month, Belgium-based fruit and vegetable company Greenyard said talks to acquire Dole Food Co. had ended without a “definitive agreement”.
In December, Greenyard had said it was in advanced negotiations to purchase Dole.
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By GlobalDataDole’s decision last April to raise money through an IPO came four years after the firm went private.
But reports in September said Dole was considering the sale of the business, despite it being just four months after announcing plans to float.
