buyout

1:24 pm
Mon August 12, 2013

Dole Food Agrees to $1.2 Billion Buyout Offer From CEO

Lead in text: 
Dole Food, which operates several packing and storage facilities in the San Joaquin Valley has agreed to a buyout offer from its CEO David Murdock. Dole's Packaged Foods division operates a plant in Atwater. The company also has facilities in Terra Bella and Bakersfield.
Bloomberg/Bloomberg via Getty Images Dole Food Company Inc. has evolved from a Hawaiian pineapple purveyor into the world's largest producer of fresh fruit and vegetables. Dole's board has accepted an offer from CEO David Murdock and his family are offering to buy the business and take it private.