Moody's: Dole Food view negative

Moody's Investors Service said it affirmed the ratings Dole Food Co., Inc., including its B1 corporate family rating, and changed the outlook to negative from stable.

The negative outlook reflects the uncertainty and event risk associated with Dole Chairman and CEO David Murdock's bid to take the company private for about $1.5 billion, the agency said. The offer is subject to review and approval by both an independent committee of the board as well as shareholders.

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