Dole a step closer to going private
Dole a step closer to going private
David H. Murdock, chairman and chief executive officer of Dole Food Co., signed a definitive merger agreement with the company to acquire for cash all of the outstanding shares of Dole common stock not currently beneficially held by him.
Under the terms of the merger agreement, Dole stockholders will receive $13.50 in cash for each share of Dole common stock that they hold, in a transaction that places the total value of Dole at approximately $1.6 billion.