Dive Summary:

• After the completion of the Dole - Itochu sale, Dole will remain almost half the company it once was, however the jury is still out on whether it was a good move or not.
• The sale gave the company almost $1.5 billion in capital which, combined with another $500 million loan, will go towards repaying Dole's debts and restructuring their more risky financial endeavors.
• While a significantly smaller company, Dole is poised to reinvent itself and become a new company, unburdened by debt and poor financial planning. 

From the article:

Dole President and CEO C. Michael Carter says right sizing will result in a smaller footprint as a produce commodity company, with expected overall revenue of $4.2 billion derived from fresh fruit and fresh vegetable lines. “Dole will remain an industry leader in the sourcing, distribution and marketing of bananas, pineapples and other tropical and deciduous fruits, packaged salads, fresh-packed vegetables and fresh berries,” says Carter. “We are excited and very optimistic about the long-term future of the new Dole and its prospects.”