Dole Food (DOLE +1.1%) might not receive an offer materially higher than the $12 per share David...


Dole Food (DOLE +1.1%) might not receive an offer materially higher than the $12 per share David Murdoch has offered up, according to speculation on the Dole saga. Weak banana prices and a struggling Dole strawberry business could give Murdock the opportunity to once again land the company at a low price after he accomplished the feat back in 2003, although Barron's thinks holding onto shares is a good idea in case a party comes along to spoil Murdock's plans.

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Comments (4)
  • Chris DeMuth Jr.
    , contributor
    Comments (10593) | Send Message
     
    ($12, not $18)
    1 Jul 2013, 11:21 AM Reply Like
  • Mike Winston
    , contributor
    Comments (150) | Send Message
     
    Murdock has offered $12, not $18. If he offered $18 we'd all be very happy indeed! There are many strategic buyers that could run the business and happily oversee the disposition of $5.56/share in non-core assets. So, the question now is whether Lazard Freres can shop the business and tell the story in such a way as to drum up new bidders.
    1 Jul 2013, 11:24 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (10593) | Send Message
     
    Yes, agreed; we have a fairly large position and would take $18!
    1 Jul 2013, 11:26 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2071) | Send Message
     
    Murdock is 95 and still wheelin n dealin; a mini Kirk Kerkorian.
    23 Jul 2013, 09:42 PM Reply Like
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