The special committee should reject the recent take-private offer from Dole’s CEO, Murdock, of $12.00/share for the business. Dole has previously highlighted $500mm ($5.56/share) of non-core assets, and there have been three consecutive weak years in the core banana business. 46% of Murdock’s tak...
Massive Report on Dole’s Take-Private Special Situation
Published: June 13, 2013