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StumbleChairman taking firm private
Thursday, Dec. 19, 2002 | 9:47 a.m.
WESTLAKE VILLAGE, Calif. -- Dole Foods Chairman David H. Murdock has agreed to buy the rest of the giant food company and take it private in a $2.5 billion deal.
Murdock will pay $33.50 per share for the approximately 76 percent of the company's outstanding common stock he doesn't already own, Dole said in a statement late Wednesday.
That's $4 a share more than the price the self-made billionaire offered in September.
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