Murdock Prevails in Takeover.Developer David Murdock Not to be confused with Murdoc. Not to be confused with Murdoch. Murdock is a surname, and may refer to:
Holders of 10.7 million Castle & Cooke shares agreed to Murdock's $19.25-a-share offer, giving him 89 percent control of the company, whose primary holding is the Hawaiian Hawaiian, member of the Polynesian group of the Austronesian family of languages. Of the fewer than 10,000 people who speak Hawaiian, only a few hundred are native speakers, but the language is taught in some Hawaiian schools and remains important as a symbol of island of Lanai Lanai (lənī`), island, 141 sq mi (365 sq km), central Hawaii, W of Maui island across the Auau Channel; Mt. Lanaihale (3,370 ft/1,027 m) is the island's highest point. For many years the island was used for sugarcane raising and cattle grazing. . Murdock, who also serves as chairman of Castle & Cooke, had sought to buy the company and take it private through his Flexi-Van Leasing Inc. since March 29, when he offered $17 a share. His offer was met with considerable criticism from shareholders, who said it was too low. As a result, Murdock was forced to raise the offer price twice to keep negotiations moving forward. Under the deal, Murdock will also assume $273 million in Castle & Cooke debt. |
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