NEW YORK, June 11, 2013 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Dole Food Company, Inc. ("Dole" or the "Company") (NYSE: DOLE) is breaching its fiduciary duty to its shareholders in connection with a proposal by David H. Murdock ("Mr. Murdock"), the Company's Chairman and Chief Executive Officer, to take the Company private.
Under the terms of the proposal, Dole shareholders will receive $12.00 in cash for each share of common stock they own. The investigation is focused on whether Mr. Murdock's proposal undervalues the Company's shares.
If you are interested in discussing your rights as a Dole shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years. Bernstein Liebhard LLP10 East 40th Street New York, New York 10016(877) 779-1414 www.bernlieb.com ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter. SOURCE Bernstein Liebhard LLP