Does SMC's Dole Interest Reflect The Return Of Food Focus?

Diversified Philippine conglomerate San Miguel Corporation (SMC) has expressed interest in acquiring the Asian operations of US-based fruit and vegetable producer Dole Food. Such a deal could represent a change of strategy for SMC, which has recently focused its investment on diversifying into heavy industry and could please investors who have expressed concern about the company's rapid and marked change of strategic focus. Such optimism could, however, be tempered by the fact that this could simply be an opportunistic acquisition for SMC, rather than demonstrative of a return of focus for its food

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