News Breaks |
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| December 6, 2012 |
| 17:24 EDT |  | DOLE | Dole Food announces the return of David Murdock to CEO, other executive changes
Dole announced planned leadership changes in connection with the sale transaction. David H. Murdock will return to the role of chairman and CEO, and C. Michael Carter will assume the added role of president and COO. Carter will also be rejoining Dole's board. In addition, Keith C. Mitchell, current CFO of Dole's North American Fresh Fruit business, will become CFO. |
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News For DOLE From The Last 14 Days Check below for free stories on DOLE the last two weeks. |
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| June 17, 2013 |
| 12:00 EDT |  | DOLE | Options with decreasing implied volatility: NAV SUPN PVH IVR DOLE
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| June 14, 2013 |
| 11:18 EDT | | DOLE | Options with decreasing implied volatility: DMND DOLE HRB PVH
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| June 13, 2013 |
| 05:58 EDT | | DOLE | Stocks with implied volatility below IV index mean; SFD DOLE
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| 05:57 EDT | | DOLE | Stocks with implied volatility below IV index mean; SFD DOLE
Stocks with implied volatility below IV index mean; Smithfield Foods (SFD), Dole Food (DOLE) according to IVolatility. |
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| June 12, 2013 |
| 08:49 EDT |  | DOLE | Much higher share price for Dole Food would not be justified, says BB&T
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| 06:07 EDT | | DOLE | Stocks with implied volatility below IV index mean; SFD DOLE
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| June 11, 2013 |
| 12:00 EDT |  | DOLE | Dole Food rises 21.7%
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| 09:16 EDT | | DOLE | On The Fly: Pre-market Movers
HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. |
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| 09:00 EDT | | DOLE | Dole Food rises 22.2%
Dole Food is up 22.2%, or $2.26, to $12.45 |
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| 07:01 EDT | | DOLE | Dole up 16% to $11.85 after CEO offers buyout at $12 per share
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| 06:38 EDT | | DOLE | Dole Food options active into CEO Murdock offer to acquire
Dole Food options were active with 79K contracts trading on June 6 according to Track Data, prior to the company announcing today CEO David H. Murdock offer to acquire the approximately 60% of outstanding shares of common stock of the company not already owned by him for $12.00 per share. Overall option implied volatility of 35 is near its 26-week average of 34 according to Track Data. Elevated option volume suggests traders taking positions for large price movement. |
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| 06:32 EDT | | DOLE | Dole Food says establishing Special Committee to review CEO offer
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| 06:03 EDT | | DOLE | CEO David H. Murdock offers to acquire remaining 60% of Dole Food
David H. Murdock announced that he has made an offer to acquire the approximately 60% of outstanding shares of common stock of Dole Food Company not already owned by him for $12.00 per share in cash, plus the assumption of the Company's debt and other obligations. The per share consideration offered places the total enterprise value of the transaction at approximately $ 1.5B, which represents a 10.2 times multiple of Dole's anticipated EBITDA as provided in Dole's most recent earnings guidance. The offer, which was made yesterday evening to the Board of Directors of Dole Food Company, represents an 18% premium over the closing price on Monday, June 10 of $10.20 per share and a premium of 19% to the volume-weighted average stock price for the one month preceding June 10. The offer contemplates the negotiation and execution of a binding agreement by July 31 which would contain customary terms and conditions for transactions of this type. David H. Murdock is the Chairman of the Board, CEO and the largest stockholder of Dole and controls almost 40% of the total number of outstanding shares. |
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| June 6, 2013 |
| 11:58 EDT | | DOLE | High option volume stocks: DOLE SPN TSRA FXB FCEL
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