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Dole Food CEO, former top exec ordered to pay $148M

DOVER, Del. (AP) - A Delaware judge on Thursday ordered 92-year-old Dole Food CEO David Murdock and a former top lieutenant to pay $148 million in damages for misleading directors and shareholders in a deal that took the company private in 2013. The judge on Thursday said the billionaire businessman, along with former Dole president and chief operating officer C. Michael Carter, breached their ...
Source: The Associated Press | By: By RANDALL CHASE, AP Business Writer
UPDATE 1-Dole CEO liable for $148.2 mln over 2013 buyout-ruling

(Adds details from decision, background) Aug 27 (Reuters) - A Delaware judge on Thursday said David Murdock, the billionaire chief executive of Dole Food Co, is liable to shareholders for $148.2 million of damages for having shortchanged them when he took the fruit and vegetable producer private in 2013. Delaware Vice Chancellor Travis Laster said Murdock, 92, took several actions to reduce ...
Source: Reuters
Dole CEO liable for $148.2 mln over 2013 buyout-ruling

Aug 27 (Reuters) - A Delaware judge on Thursday said David Murdock, the chief executive of Dole Food Co, is liable for $148.2 million of damages for having shortchanged shareholders when he took the fruit producer private in 2013. Delaware Chancery Judge Travis Laster said Murdock, 92, took several actions to reduce Dole's market value, and thus the price he would pay, and deprived Dole ...
Source: Reuters
David Murdock to pay $148.2 million to shareholders

David Murdock, the billionaire chief executive of Dole Food (: DOLE), must pay $148.2 million of damages to shareholders he shortchanged when he took the fruit and vegetable producer private in 2013, a Delaware judge ruled on Thursday. Delaware Vice Chancellor, Travis Laster said the $1.2 billion buyout undervalued Dole by 17 percent, and that the company was worth $16.24 per share rather than ...
Source: Reuters
Pro: Drop at open not the average view  

Media Link Transcript The actual Kohl's prison terms a slowdown in China and low commodity prices. Really is not something that should move the markets in the US in this way I mean low. You know we don't exploit that much to China it's not going to knock the BUS economy all itself it's. The heels here and then a lower commodity prices are stimulus that the US economy. So you know obviously you ...
Source: CNBC.com
Cashin: Watch China Sunday night  

Media Link Transcript They got spooked a couple minutes ago that they do look like two they have billion dollars for sale on the bow wow that's what took just down to the minus 500. Some of that has paired off and that's why we Trimble little bit of our loss will be under pressure but probably not that around what impact of the expiration house. Well -- expiration was tilted to the sell side ...
Source: CNBC.com
Has crude hit bottom? Not yet: Pro  

Media Link Transcript I think we're still a little ways from bottoming I think we need more of a roll over production. To see more declines close the gap with demand growth and I also believe we need to see some signs of better economic growth around the world so that. It looks like demand is actually taking Ira I think we have. Some more time before we've seen a bottom here so so for people ...
Source: CNBC.com
China's yuan drama  

Media Link Transcript I think this is useful to look at different elements and one says that the changing me in the way the exchange rate sent. Finance the Chinese central I'm. And Haley how to move towards more market based exchange rates and and with thing that is positive that is in line with the Chinese authorities. A liberal bulls who moved to what's giving bull market confidence. In the ...
Source: CNBC.com
Lacking these skills could cost your college student

You know when Bed, Bath & Beyond (NASDAQ: BBBY) is bursting with neon desk accessories and extra long sheets that another college year is just around the corner, but room decor is not all your student needs. Experts recommend that teens heading for college have several key financial skills under their belts: budgeting, safe practices, and an understanding of needs and wants. They may be using ...
Source: CNBC.com | By: Kelley Holland
America's oldest CEO puts his Dole buyout to a high-stakes test

Aug 14 (Reuters) - Any day now, David Murdock, the 92-year-old owner of Dole Food Co, will find out whether his decision to go to trial to defend the terms of his 2013 buyout of the company was heroic or foolish. It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware's Court of Chancery, a leading venue for corporate disputes. Dole faces two kinds of legal ...
Source: Reuters | By: Tom Hals