New York, August 21, 2013 -- Moody's Investors Service, ("Moody's") today placed the ratings for Dole Food Company, Inc. ("Dole") under review for downgrade, including its B1 Corporate Family Rating (CFR). This follows the company's recent announcement that its board of directors has approved Chairman and CEO David Murdock's upsized bid to take the company private. The offer, which values the company at approximately $1.6 billion (including debt), is still subject to a shareholder vote. The review will focus upon the pro forma capital structure, management's financial policies going forward, and the company's strategic objectives as a private company.

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