NEW YORK, June 18, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Dole Food Company, Inc. ("Dole" or the "Company") (NYSE:DOLE) of claims of breaches of fiduciary duty and other violations of state law in connection with a going private proposal from the Company's Chairman and Chief Executive Officer, David Murdock. A complaint was filed in California state court.
Click here to learn more about the investigation http://zlk.9nl.com/dole-food-dole/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction Murdock would pay $12 for each share of Dole stock he does not currently own; he currently owns approximately 40% of Dole's outstanding shares. The claims concern, among other things, whether the proposed consideration to be paid to Dole shareholders is unfair, inadequate, and substantially below the fair or inherent value of Dole, and whether Murdock is taking advantage of his position in order to purchase the Company at an unfair price.
If you own common stock in Dole and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/dole-food-dole/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP