Dole Food lands higher offer from Murdock

|About: Dole Food Company, Inc. (DOLE)|By:, SA News Editor

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.