Posted at 11:22 a.m., Thursday, December 5, 2002
Dole purchase deadline extended
Advertiser Staff
Dole Food Co. Chairman David Murdock extended to Dec. 18 the deadline for talks to acquire the 76 percent of the company his family doesn't already own, according to a regulatory filing today.Murdock said he again extended the deadline after discussions yesterday with the board special committee handling the negotiations.
Murdock offered in September to buy the rest of Dole for $29.50 a share. The special committee, made up of independent directors, rejected the offer and said it would negotiate for a higher price while its financial adviser contacted other interested parties.
Dole shares were trading about $28.98 on the New York Stock Exchange today.
This marks the third extension of the deadline, which initially expired Nov. 6 and was set to expire yesterday.
