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Dole CEO makes buyout bid; values co.

(AP) - California dole food company's chairman and chief executive David murdoch offer deals with his family business and attaches great importance to the whole company's offer is about 1.07 billion.
Fresh fruit and vegetable company in pre-market trading on Tuesday.
Murdoch and other family members uninvited joint-stock company, they do not already have, dole's close of 18% premium to Monday was quoted at $12 a share.
Murdoch has music food co., LTD., of which there are about 895000 outstanding shares about 39.5% stake, according to FactSet.
, the company said its board of directors will meet in the next few days, to create a special committee of independent directors, in the evaluation of bid. It says that it is just in the start stage of evaluating price and of the council to make any decision.
Doll, this is based on the west lake village, California, in 2012 on revenue of $42 billion from last business. In march of this year, the company reported fourth-quarter adjusted continuous business losses and revenue below Wall Street's expectations.
Dole said last month that will indefinitely suspended $200 million stock buyback program, and use cash, rather than update the fleet, to improve its growth prospects. Suspension, the company says another factor of buyback program, drag on profits is due to the recent strawberry business losses.
Dole has experienced major changes recently. $169 million sale of its packaged foods and fresh Asian business, has done a deal in April closing. This allows the dole as pure agricultural companies of international commodities, it provides a more narrow focus forward, but their earnings more volatile, because fruits and vegetables, the nature of the business.
Its shares rose $1.85, or 18.1%, to $12.05 - slightly higher than the price provided in pre-market trading about two hours before opening.



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