date:Jun 13, 2013
US-based Dole Food has received a proposal from David H. Murdock, the company's chairman of the board and CEO, to acquire all of the outstanding shares of common stock which are not already owned by him in a deal which values the company at $1.5bn.
Under the terms of the agreement, Murdock, who already owns 40% stake in the company, will pay $12 per share in cash for the remaining 60% stake, in a $645m transaction.
Dole stated that the board of directors will hold a meeting over the next sever