Dole Agrees to Go Private After Murdock Raises Offer

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Great Taste Magazine - Orange County

Dole Chairman and chief executive David Murdock plans to take the company private in a deal that would set the company’s value at about $1.21 billion. “As a private company, Dole will likely be able to innovate without as much concern over [Wall Street] earnings expectations,” Analyst Brett Hundley said of the transaction. The proposed deal requires approval from majority shareholders.

Published by Stephanie To

08/30/13