Company Press Release
July 25, 2000
KENILWORTH, NJ--Flexi-Van Leasing, Inc. announced yesterday that it now owns approximately 92% or 15,672,000 shares
of Castle & Cooke, Inc. as a result of the successful completion of the supplemental offering period provided
under the tender offer made by Castle Acquisition Company, Inc., a wholly-owned subsidiary of Flexi-Van Leasing,
Inc. In the tender offer, Castle Acquisition Company, Inc. received tenders of approximately 89% of the Castle
& Cooke, Inc. shares not already owned by Flexi-Van Leasing, Inc., based on the approximately 11,170,000 shares
which were tendered.
In accordance with the terms of the merger agreement, shares tendered in the five day supplemental offering period
have been accepted and are being paid for promptly.
Castle & Cooke, Inc. and Flexi-Van Leasing, Inc. are in the process of preparing for mailing to shareholders
materials relating to the merger of Castle Acquisition Company, Inc. in and to Castle & Cooke, Inc. It is expected
that the merger will be completed in late August or early September, 2000.
Any questions concerning the merger should be addressed to Georgeson Shareholder Communications, Inc. at (800)
223-2064 (toll free) in the United States or at (212) 440-9800 (collect) elsewhere.
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Contact:
Flexi-Van Leasing, Inc.
Scott A. Griswold, 310/208-6055