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June 11, 2013 /PRNewswire/ --
Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Dole Food Company, Inc. ("Dole" or the "Company") (NYSE: DOLE) (ISIN: US2566031017) (CUSIP: 256603101) concerning the proposed acquisition of Dole by
David H. Murdock, the Company's Chairman of the Board and CEO.
The investigation concerns whether the Dole directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Dole shareholders will be entitled to receive
$12.00 per share in cash for each share of Dole common stock. However, shares of Dole common stock traded above the offered price in the past six months.
Dole shareholders seeking more information about this acquisition are advised to contact
Robert Willoughby at
firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in
San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See
CONTACT:Robert WilloughbyPomerantz Grossman Hufford Dahlstrom & Gross LLP212-661-1100 ext. 237
Pomerantz Grossman Hufford Dahlstrom & Gross LLP