Dole Gets Buyout Offer From Own 90-Year-Old CEO

He thinks he'll live to 125 (thanks to banana peels?)
By Kevin Spak,  Newser Staff
Posted Jun 11, 2013 9:55 AM CDT
Dole Gets Buyout Offer From Own 90-Year-Old CEO
Students from United Community School District in Boone, IA serve themselves from a salad bar donated by Dole Food Company.   (PRNewsFoto/Dole Food Company, Inc.)

David Murdock is 90 years old, but if he gets his way, it will be awfully hard for anyone to force him into retirement. The Dole Food CEO is offering to buy the company he works for outright for $12 a share, in a deal that values the company at $1.5 billion, the Wall Street Journal reports. Dole has been reviewing its business since last year amidst a profit slump. This year, it complained that volatility in the strawberry business was costing it dearly.

Murdock already owns 40% of the company, and despite his advanced age, he thinks he'll be sticking around for a while. He has famously said that he expects to live to 125, reports Next Avenue, thanks to his healthy lifestyle and vegetarian diet, which he's been on since he was in his 60s. He eats 20 servings of fruits and vegetables a day, all with the outer skin on—he believes even the peels of bananas should be consumed (he takes his in smoothie form).

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