Dole Food Organizes Special Committee After Acquisition Proposal Made by David H. Murdock

<p>Dole Food has revealed that the company has designated a special committee of its Board of Directors to act on behalf of Dole in response to the acquisition proposal made byDavid H. Murdock.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>The special committee consists of the four members of the Board of Directors who are independent. The group will be chaired by Andrew J. Conrad and the committee has engaged Lazard as its financial advisor and Sullivan &amp; Cromwell LLPas legal counsel.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>No assurance can be given that Mr. Murdock’s proposal, or any other transaction, will be carried out, according to a press release. Dole does not intend to disclose developments regarding these matters until its Board of Directors determines there is a need to update the industry.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://investors.dole.com/phoenix.zhtml?c=231558&amp;p=irol-irhome" target="_new"> Dole </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">