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Dole investors file suit over CEO’s buyout

By   /  Friday, November 8th, 2013  /  Top Stories  /  Comments Off on Dole investors file suit over CEO’s buyout

Wall Street trusts billionaire David Murdock of Dole Food Co. to repay his debts but doesn’t agree with his valuation logic.

Murdock succeeded in taking the Westlake Village-based firm private on Oct. 31 in a deal that valued the company at more than $1.6 billion when counting net debt, fees and expenses. At the same time, investors clamored to help Murdock take on debt to finance the deal, with a reported order book of more than $10.5 billion for only $300 million in debt.

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Dole seeks buyout bidders

By   /  Wednesday, August 21st, 2013  /  Latest news, Tri-County Public Companies  /  Comments Off on Dole seeks buyout bidders

Shares of Dole Food, based in Westlake Village, closed above CEO David Murdock’s buyout offer price of $13.50 after the company disclosed in SEC filings that other bidders may be surfacing. In its filing Dole said that “beginning on the morning of Aug. 12” representatives of investment bank Lazard began contacting potential bidders, including four Read More →

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