CEO to take Dole Food private in $1.21B deal

WESTLAKE VILLAGE, Calif. • Dole Food said Monday its CEO will take it private, in a deal that values the company at approximately $1.21 billion. Dole shareholders will receive $13.50 per share, a 5 percent premium to its $12.81 Friday closing price. This is a sweetened bid for the fresh fruits and vegetable business, up from the $12 per share Chairman and CEO David Murdock offered in June. Dole currently has about 89.9 million outstanding shares, according to FactSet. The company put the transac...

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