- Dole Food (DOLE) says it worked out an agreement with David Murdock to sell the company back to its previous owner for $13.50 per share.
- The buyout price is $1.50 higher than a previous offer Murdock made through his affiliated companies.
- The deal has a short 30-day go-shop period and is expected to close during Q4.
- DOLE +5% premarket to $13.45.
Dole Food lands higher offer from Murdock
Aug 12 2013, 09:24 ET