date:May 10, 2012
The deal is being financed through a cash tender offer and second step merger at $6.35 per share.
However, some Imperial Sugar investors dispute the sale price and complain that the company has been undervalued.
Louis Dreyfus adds sugar refining to portfolio
Mikael Morn, CEO of Louis Dreyfus Commodities LLC, said:Imperial Sugar is a well-established operator in the sugar industry in North America, and we see an excellent strategic fit with Louis Dreyfus Commodities LLC. This transaction is