M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Thursday, October 31, 2013

Dole sneaks through

This just coming in....

The buyout passed with the support of 50.9% of the shares not held by CEO David Murdock, who owns 39.5 percent of Dole and is trying to take it private for the second time in 20 years.

Like Dell, unaffiliated stockholders in Dole seem to be just a little less than enthusiastic about the buyout.  Also like Dell, there's talk of appraisal. Of course, with Dell all that talk was for naught after Carl Icahn took his money and moved on.  No clear sense yet whether the hedge funds in Dole are serious about hanging around.  

-bjmq

 

P.S.  Duck boats on Saturday morning ... Go Sawx!! 

http://lawprofessors.typepad.com/mergers/2013/10/dole-sneaks-through.html

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