Dole Completes Spinoff of Real Estate, Resorts

Dole Food Co., the giant Westlake Village food products concern, has completed the spinoff of its real estate and resort operations into a separate company.

Castle & Cooke Inc., a new, publicly held corporation whose shares trade on the New York Stock Exchange, owns the residential real estate and Hawaiian resort operations that were previously part of Dole.

As a result of the spinoff, Dole said its third-quarter loss from discontinued operations was restated to $105.1 million.