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The Shareholder Forumtm

support for appraised fair value realization

of stock investments in

Dole Food Company, Inc.



Project Status

The Shareholder Forum determined that it would not provide support for Dole appraisal rights because of the risks created by disorderly investor competition for interests. The buyout was approved on October 31, 2013 by only 50.9% of the company's unaffiliated shareholders, and it was subsequently reported that claims for appraisal rights exceeded the number of legally eligible shares.




Traditional Litigation Management

of Appraisal Rights

The Shareholder Forum is not providing support for appraisal rights in the the Dole buyout, but the case is being observed as an example of the traditional litigation management alternative to the new management processes developed for marketable appraisal rights investments.

For listings of other reports and research material


Dole Project Reference






October 14, 2013

Panel to Consider

Appraisal Rights Policies for

Long Term Investment


October 8, 2013

Provisions for

Dell Valuation Trust Support of

Marketable Appraisal Rights


September 10, 2013

Court Rules for Appraisal:

Fair Value = Intrinsic Value


August 27, 2015

"Dole CEO found liable for $148.2 million over 2013 buyout"


New York Times


 March 4, 2014

"A New Form of Shareholder Activism Gains Momentum"

see also

American Lawyer

March 5, 2014

"Appraisal Rights the Latest Tool for Yield-Hungry Hedge Funds"


Wall Street Journal


November 22, 2013

"Fortress Wants More for Its Dole Food Shares | It Is Among Large Investors Asking for More Per Share After CEO Took Company Private"


Wall Street Journal


October 31, 2013

"Dole Food Deal Passes

By Slim Margin as Hedge Funds

Seek Appraisal"


New York Times


September 17, 2013

"Dole Food’s Buyout in 2013

 Looks a Lot Like One in 2003"






The project supporting investor interests in Dole Food Company, Inc. is being conducted by the Shareholder Forum for the benefit of participants in its program for Appraisal Rights Investments, subject to conditions including standard Forum policies that each participant is expected to make independent use of information obtained through the Forum and that participation is considered private unless the participant specifically authorizes identification.

Inquiries may be sent to

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™ is a trademark owned by The Shareholder Forum, Inc., for the programs conducted since 1999 to support investor access to decision-making information. It should be noted that we have no responsibility for the services that Broadridge Financial Solutions, Inc., introduced for review in the Forum's 2010 "E-Meetings" program and has since been offering with the “Shareholder Forum” name, and we have asked Broadridge to use a different name that does not suggest our support or endorsement.