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Dole Announces Expiration of the “Go-Shop” Period and Termination of HSR Antitrust Waiting Period



  Dole Announces Expiration of the “Go-Shop” Period and Termination of HSR
  Antitrust Waiting Period

Business Wire

WESTLAKE VILLAGE, Calif. -- September 11, 2013

Dole Food Company, Inc. (NYSE:DOLE) today announced the expiration of the
“go-shop” period provided for in its previously announced merger agreement
with David H. Murdock, Dole’s Chairman and Chief Executive Officer. Dole did
not receive any alternative transaction proposals from third parties during
the 30 calendar-day go-shop period between August 11, 2013 and September 10,
2013 (12:01 a.m. Eastern time).

The transaction is expected to close during the fourth quarter of 2013,
subject to approval by a  majority of the outstanding shares of common stock
owned by stockholders other than Mr. Murdock, customary regulatory approvals
in certain countries, and other customary closing conditions as specified in
the merger agreement. The Federal Trade Commission granted early termination
of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976 in connection with the merger as of September 3, 2013. Following
completion of the transaction, Dole will become a privately held company owned
by Mr. Murdock, and its stock will no longer be listed for trading on the New
York Stock Exchange.

Additional Information

Dole has filed a preliminary proxy statement and related materials with the
SEC and, when completed, it intends to file a definitive proxy statement with
the SEC and mail it to stockholders. This press release does not constitute a
solicitation of any vote or approval in connection with the merger
transaction, nor does it constitute an offer to purchase or a solicitation of
an offer to sell shares of Dole common stock. Stockholders are urged to read
carefully when they become available the proxy statement and any other
relevant documents to be filed with the SEC in connection with the proposed
merger or incorporated by reference in the proxy statement, because they will
contain important information about Dole and the proposed merger. In addition
to receiving the proxy statement from Dole by mail, stockholders will also be
able to obtain the proxy statement, as well as other relevant documents,
without charge, from the SEC by going to the SEC’s website at www.sec.gov or,
without charge, from Dole by going to Dole’s Investor Relations website at
http://investors.dole.com.

Dole and its executive officers, directors and certain other members of
management and employees may be deemed to be “participants” in the
solicitation of proxies from Dole’s stockholders with respect to the proposed
merger. Information regarding the persons who may, under the rules of the SEC,
be considered participants in the solicitation of the stockholders of Dole in
connection with the proposed merger will be set forth in the proxy statement
and the other relevant documents filed with the SEC. You can find information
about Dole’s executive officers and directors in its Annual Report on Form
10–K for the fiscal year ended December 29, 2012, and in its definitive annual
stockholder meeting proxy statement filed with the SEC on Schedule 14A on
April 12, 2013.

About Dole Food Company, Inc.

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 www.dole.com or http://investors.dole.com.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements relate to a
variety of matters, including, but not limited to, the timing and anticipated
completion of the proposed merger and other statements that are not purely
statements of historical fact. These forward-looking statements are made on
the basis of the current beliefs, expectations and assumptions of the
management of Dole and are subject to significant risks and uncertainty.
Readers are cautioned not to place undue reliance on any such forward-looking
statements.

Factors that could cause actual results to differ materially from the
forward-looking statements contained herein include, but are not limited to:
risks arising from the proposed merger’s diversion of management’s attention
from Dole’s ongoing business operations; potential adverse reactions or
changes to business or employee relationships resulting from the announcement
or completion of the proposed merger; litigation or adverse judgments relating
to the proposed merger; risks relating to the consummation of the proposed
merger, including the risk that the required stockholder approval might not be
obtained in a timely manner or at all or that other closing conditions will
not be satisfied; any difficulties associated with requests or directions from
governmental authorities resulting from their review of the proposed merger;
the possibility that competing offers for the businesses will be made; the
amount of the costs, fees, expenses and charges related to the merger
agreement or proposed merger; the failure to obtain the necessary financing
for the proposed merger; risks that Dole’s stock price may decline
significantly if the proposed merger is not completed; and any changes in
general economic and/or industry-specific conditions.

Certain of these and other risks and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements are set forth in the documents filed by Dole with the SEC,
including Dole’s Annual Report on Form 10-K under the heading “Risk Factors.”
All forward-looking statements contained in this press release speak only as
of the date on which they were made. Dole undertakes no obligation to update
such statements to reflect events that occur or circumstances that exist after
the date on which they were made.

Contact:

Dole Food Company, Inc.
C. Michael Carter
818-879-6801
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