Press release from Business Wire
Law Firm Brower Piven Announces Investigation of Proposed Buyout by CEO of Dole Food Company, Inc.
Tuesday, June 11, 2013
Law Firm Brower Piven Announces Investigation of Proposed Buyout by CEO of Dole Food Company, Inc.11:47 EDT Tuesday, June 11, 2013
STEVENSON, Md. (Business Wire) -- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Dole Food Company, Inc. (“Dole” or the “Company”) (NYSE: DOLE) and other violations of state law by the board of directors of Dole in connection with the unsolicited offer by David H. Murdock, the Company's Chief Executive Officer, to acquire all of the outstanding shares of Dole for $12.00 per share in cash. The investigation is focused on whether Mr. Murdock's proposal undervalues the Company's shares.
According to news reports, Mr. Murdock had previously taken the company private in 2003, only to later re-list Dole in an initial public offering in 2009. Following the announcement of Mr. Murdock's unsolicited offer, Dole stock opened trading at a price above $12.00 per share.
If you currently own common stock of Dole and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at email@example.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616