Dole’s 90-year-old boss offers to take company private

At an age when many 90-year-olds spend their time reminiscing about the past, Dole Food chief executive David Murdock is revisiting it by trying to take the company private like he did 10 years ago.

The billionaire, who already owns 40 per cent of one of the world’s largest sellers of fresh fruit and vegetables, made an offer on Tuesday to buy the remaining 60 per cent in a deal that values Dole at just over US$1 billion (HK$7.76 billion).

Including debt, the deal gives the company an enterprise value of US$1.5 billion (HK$11.6 billion).

via Business feed http://www.scmp.com/business/companies/article/1259014/doles-90-year-old-boss-offers-take-company-private