Should Dole Shareholders Step Back From Buyout?http://www.fool.com/investing/general/2013/08/06/should-dole-shareholders-step-back-from-buyout.aspx Michael Lewis
August 6, 2013
All-things produce supplier Dole Food Company (NYSE: DOLE) has a banner year on the back of an early June buyout offer from its 90-year-old CEO and large shareholder, David Murdock. After a period of success following the initial sale of its Dole Asia business for nearly $1.7 billion in cash and then subsequent cost reductions, the company's stock fell in the early months of 2013 following the divestiture, which did not yield as strong of benefits as predicted. Now, the company holds a much lighter balance sheet, a more nimble business, an outstanding bid for $12 per share by Murdock, and a seemingly confused investor base. What should you do with Dole?
So what do investors expect of Dole?
An interesting future
The question is, will any of that benefit shareholders today, who may get bought out at $12 per sh