Dole Food (DOLE) announced Tuesday morning that its Board of Directors has received an unsolicited proposal from David H. Murdock, the Company's Chairman and CEO, to acquire all of the outstanding shares of common stock of Dole Food not already owned by Mr. Murdock or his family, for $12.00 per share in cash.
Dole Food gapped open sharply higher Tuesday and is now up 2.03 at $12.23, with volume at over a 5-month high. The stock has jumped to a 6-month high and has re-crossed its 50 and 200-day moving averages.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.