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Source: Dole Food Company news release

Dole Food Company, Inc. (NYSE: DOLE) today announced that its Board of Directors has received an unsolicited proposal from David H. Murdock, the Company's Chairman of the Board and CEO, to acquire all of the outstanding shares of common stock of Dole Food Company, Inc. not already owned by Mr. Murdock or his family for $12.00 per share in cash.

The Board of Directors will be meeting over the next several days to establish a Special Committee of independent directors to consider Mr. Murdock's proposal and its implications, in the context of assessing the appropriate course of action that is in the best interests of the Company and its stockholders.

The Company cautions its stockholders, and others considering trading in the Company's securities, as follows: the Board of Directors has just received Mr. Murdock's unsolicited proposal; the process of considering the proposal is only in its beginning stages; no decisions whatsoever have been made by the Board of Directors in respect of the Company's response, if any, to the proposal; and the Board of Directors will proceed in a timely and orderly manner to consider the proposal and its implications.

About Dole Foods

Dole Food Company, Inc., with 2012 revenues from continuing operations of $4.2 billion, is one of the world's largest producers and marketers of high-quality fresh fruit and fresh vegetables. Dole is an industry leader in many of the products it sells, as well as in nutrition education and research. For more information, please visit or

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