Mike Winston
Hedge fund manager, long/short equity, event-driven

The Full Story On Dole: Why The $12.00 MBO Is Too Cheap And How We Get More Value

The special committee should reject Murdock's offer of $12.00/share. 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 takeout price consists of things that can be sold without affecting the earnings prospects of the core business in any way. The key question for Dole following t...

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