Update, 8/14/13 2 p.m. EDT: The last paragraph of this story has been revised to include the name of the Munger, Tolles & Olson attorney working on this transaction.

Dole Food Company's chief executive is looking to take the fruit and vegetable producer private again through an agreement with its board of directors to buy the remaining 60 percent of Dole he does not already own in a deal worth $1.6 billion, including debt.