BALA CYNWYD, Pa., June 13, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Dole Food Company, Inc. ("Dole" or the "Company") (NYSE: DOLE) relating to the unsolicited acquisition offer by the Company's Chief Executive Officer.
Click here to learn more about the investigation http://brodsky-smith.com/602-dole-dole-food-company-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the offer, Dole shareholders will receive only $12.00 in cash for each share of Dole stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Dole for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as Dole stock traded at $12.58 per share as recently as June 13, 2013 and traded at $14.35 per share on September 20, 2012. The offer appears to be an attempt to take advantage of a depressed stock price as Dole had been previously taken private in 2003 only to be later re-listed in an initial public offering in 2009.
If you own shares of Dole common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, by visiting http://brodsky-smith.com/602-dole-dole-food-company-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC