DOLE will announce after close today or before open tomorrow its final deal closure and see the stock pop. Dole will have access to cheap money unlike its competitors. This along with other factors make the stock attractive below $11.
The announcement regarding the closing of the deal was released an hour ago. The New Dole has paid off its old debt and expenses. They took out a $500 milliion loan. It looks like they have cash to pay out a dividend and chase away the short sellers. That level of detail was not given in the news release. To be determined.