SeekingAlpha Retail Stocks (Free subscription) | 10/20/2009
The IPO market goes bananas! One of the most recognized food brands in the world with roots dating back over 150 years, Dole Food ( DOLE ) markets and distributes nearly 200 fruit and vegetable products in 90 countries. The company is looking to strengthen its balance sheet with a $500 million offering after a 2003 take-private transaction led by real estate mogul and then-CEO David Murdock...
LA Biz Observed (Free subscription) | 10/23/2009
Billionaire David Murdock retains a 59 percent stake in the food company, which made shareholders a little skeptical of this week's public offering.
LATICONOMICS (Free subscription) | 10/23/2009
... The IPO valued Dole at $1.09 billion as its shares traded today after a six-year hiatus. Chairman David Murdock took Dole private in 2003 after rescuing the food producer, founded in Hawaii in 1851, from bankruptcy more than two decades ago. “Historically, deals that have been priced below the low end of the initial pricing range have a significantly poorer level of performance...
CNNMoney.com (Free subscription) | 10/26/2009
Dole () looked set to have a decent return to the market. Its revenues have fallen recently, but EBITDA increased. An economic recovery should help boost fresh produce sales. Plus Dole has paid down debt since it was bought out by its chairman David Murdock in a heavily leveraged $2.5 billion deal six years ago. And it had planned to use cash from the offering to de-lever more.
DealBook (Free subscription) | 10/26/2009
... should help bolster fresh produce sales. In addition, Dole has paid down debt since its chairman, David Murdock, took the company private in a heavily leveraged, $2.5 billion deal six years ago. It planned to use cash from the I.P.O. to reduce debt further.But investors were still skeptical, Breakingviews notes. Some of this was because of other noise around the offering. Mr. Murdock...
L. A. Times Dodgers Blog (Free subscription) | 10/14/2009
The large decline in the food company's worth is disclosed in documents filed with the SEC in conjunction with its efforts to sell a 41% stake to the public for about $14 a share. Dole Food Co. has lost half its value since billionaire David Murdock bought the company six years ago in a transaction valued at $2.5 billion.
24/7 Wall St. (Free subscription) | 10/23/2009
... shares and the $12.50 pricing is under the indicated price range of $13 to $15 per share. Investor David Murdock took Dole private in 2003, and he is still going to deeply entrenched here with a 59% stake after the IPO. Goldman Sachs, Bank of America Merrill Lynch, and Deutsche Bank were listed as the lead managers and co-managers were listed as BB&T Capital Markets, JP Morgan, Morgan...
Market Watch (Free subscription) | 10/13/2009
NEW YORK (MarketWatch) -- Dole Food Company Inc. said Tuesday it has commenced its initial public offering of 35.7 million shares at an estimated price of $13-$15 a share, in a bid to raise about $500 million. Dole has applied to have the shares of common stock approved for listing on The New York Stock Exchange under the symbol DOLE. Dole lists as its principal shareholder David Murdock,...
The Charlotte Business Journal (Free subscription) | 10/13/2009
Dole Food Co. Inc. said Tuesday it has commenced its initial public offering in a move targeted to raise about $500 million.Dole priced the 35.7 million shares in the offering at $13 to $15 per share.The company said it has been approved to be listed on The New York Stock Exchange under the symbol "DOLE."Dole’s principal shareholder is California financier David Murdock, 86, the company’s...
The Sacramento Business Journal (Free subscription) | 10/13/2009
Dole's principal shareholder is David Murdock, 86, who became its chairman and chief executive officer in 1985. He has been chairman, CEO and director of of Hawaii since October 1995.
The Business Journal of the Greater Triad Aera (Free subscription) | 10/13/2009
Dole's principal shareholder is David Murdock, 86, who became its chairman and CEO in 1985. He has been chairman, CEO and director of Castle & Cooke Inc. of Hawaii since October 1995. Murdock, through Castle & Cooke, is driving the development of the N.C. Research Campus in Kanapolis, a project that has attracted participation from Burlington-based LabCorp. and UNC-Greensboro and...
bizjournals (Free subscription) | 10/13/2009
Dole's principal shareholder is David Murdock, 86, who became its chairman and CEO in 1985. He has been chairman, CEO and director of Castle & Cooke Inc. of Hawaii since October 1995.
The Los Angeles Business (Free subscription) | 10/13/2009
... be listed on The New York Stock Exchange under the symbol "DOLE."Dole's principal shareholder is David Murdock, 86, who became its chairman and CEO in 1985. Most Read Stories Most Emailed Stories Reader CommentsBusiness Pulse Survey Windows 7 is making headlines ahead of its release, but Mac users still swear by OS X. Which do you prefer?PC Mac Like them both Hate them both bizjournals...
L. A. Times Dodgers Blog (Free subscription) | 10/10/2009
... will underwrite the offering, according to the filing.Dole was taken private in 2003 by Chairman David Murdock in an offer that valued it at about $2.5 billion at the time. Murdock rescued the company, founded in Hawaii in 1851, from bankruptcy more than two decades ago.
LA Biz Observed (Free subscription) | 10/01/2009
Eli Broad tops the LA contingent on the Forbes 400, followed by David Geffen, Patrick Soon-Shiong, David Murdock and Ron Burkle.
