The Traderszone Network

Published in TZ Latest News 14 August, 2015 by The TZ Newswire Staff

America’s oldest CEO puts his Dole buyout to a high-stakes test

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 actions that have been combined because they both allege the buyout price was too low. A small group of hedge funds have brought a so-called appraisal action, which is being tried alongside a shareholder class action lawsuit.