Rigrodsky & long, p.a. announces investigation of dole food company, inc. proposed buyout

Wilmington, del.--(business wire)--rigrodsky & long, p.a.: do you own shares of dole food company, inc. (nyse: dole)? did you purchase any of your shares prior to june 11, 2013? do you think the proposed buyout price is too low? do you want to discuss your rights? rigrodsky & long, p.a. announces that it is investigating potential legal claims against the board of directors of dole food company, inc. (“dole” or the “company”) (nyse: dole) regarding possible breaches of fiduciary duties and other violations of law related to the company’s receipt of a proposal to be the company’s chairman of the board and chief executive officer, david h. murdock, in a transaction valued at approximately $1.5 billion. click here to learn more: http://www.rigrodskylong.com/investigations/dole-food-company-inc-dole. under the terms of the proposal, public shareholders of dole will receive $12.00 per share in cash for each share of dole they own. the investigation concerns the company’s board of directors’ process for consideration of the proposed transaction, whether dole is acting in its shareholders’ best interests and whether the proposed consideration to be paid to dole’s shareholders would be fair and adequate. if you own the common stock of dole and purchased your shares before june 11, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact seth rigrodsky or peter allocco at rigrodsky & long, p.a., 825 east gate boulevard, suite 300, garden city, new york 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/dole-food-company-inc-dole. rigrodsky & long, p.a., with offices in wilmington, delaware and garden city, new york, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the united states. attorney advertising. prior results do not guarantee a similar outcome.
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