Tag: DOLE

Dole Food Company To Be Acquired By Its CEO for $ 13.50 Per Share (DOLE)

David H Murdock Jr., the Chief Executive of Dole Food Company Inc. (NYSE: DOLE) announced on Monday that he has agreed to buy 100% stake in the food and vegetable company in deal estimated at $1.6 billion, including debt.

According to the terms of the deal, Murdock will pay $13.50 per share to acquire another 60% stake in the company, which he does not currently own. The deal implies a 5% premium over the closing stock price of $12.81 on Friday. The latest offer is 12.5% higher than Murdock’s initial offer of $12 a share.

Major Movers on June 11; LDK, LULU, TXN, DMND, DOLE

Shares of LDK Solar Co. Ltd. (ADR) (NYSE: LDK) tumbled 10.98% by afternoon trade. The heavily indebted Chinese solar company said on Tuesday that fiscal first quarter loss widened. The Company blamed low panel prices for its poor show. Panel prices have fallen sharply due to oversupply in China and slowdown in Europe, where governments have been withdrawing subsidies due to the budget austerity drive. The Company said that net loss stood at $187.1 million or $1.21 per ADS compared to a loss of $185.2 million or $1.46 Per ADS, in the same quarter of last year. Revenue almost halved to $104.3 million.

Continue reading Major Movers on June 11; LDK, LULU, TXN, DMND, DOLE

Dole Food Company Offered $1.5 Billion Buyout Bid From its CEO (DOLE)

Shares of Dole Food Company Inc. (NYSE: DOLE) soared on Tuesday after its Chairman and Chief Executive David H. Murdock offered to acquire the Company in a deal which is estimated at about $1.5 billion.

Continue reading Dole Food Company Offered $1.5 Billion Buyout Bid From its CEO (DOLE)

Major Movers on March 13; DOLE, EXPR, NFLX, WAG, COH, DWA

Shares of Dole Food Company Inc. (NYSE: DOLE) slumped on Wednesday after the fruit and vegetable producer late last evening reported that it swung into a loss in its fiscal fourth quarter as fresh fruit sales were impacted due to divestiture while costs associated with the deal weighed on the bottom line.

Continue reading Major Movers on March 13; DOLE, EXPR, NFLX, WAG, COH, DWA