NEW YORK, June 11, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Dole Food Company, Inc. ("Dole" or the "Company") (NYSE: DOLE) concerning the proposed acquisition of the Company by its Chairman and CEO, David Murdock.
On June 11, 2013, Murdock announced that he had proposed to acquire Dole in a deal that would value the Company at approximately $1.07 billion. Murdock currently owns approximately 39.5% of Dole's outstanding stock.
Our investigation concerns whether the Dole board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Dole shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP