Dole Food Announces CEO David H. Murdock's Offer to Acquire All Remaining Shares for $12.00/Share in Cash

Dole Food Company, Inc. DOLE today announced that its Board of Directors has received an unsolicited proposal from David H. Murdock, the Company's Chairman of the Board and CEO, to acquire all of the outstanding shares of common stock of Dole Food Company, Inc. not already owned by Mr. Murdock or his family for $12.00 per share in cash. The Board of Directors will be meeting over the next several days to establish a Special Committee of independent directors to consider Mr. Murdock's proposal and its implications, in the context of assessing the appropriate course of action that is in the best interests of the Company and its stockholders. The Company cautions its stockholders, and others considering trading in the Company's securities, as follows: the See full press release