NEW YORK, May 1, 2012 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of the Imperial Sugar Company ("Imperial Sugar"
or the "Company") (NASDAQ: IPSU) concerning the proposed
acquisition of the Company by Louis Dreyfus Commodities LLC
("Louis Dreyfus") in a transaction
valued at approximately $203
million.
On May 1, 2012, it was announced
that Imperial Sugar and Louis
Dreyfus have entered into a definitive agreement pursuant to
which Louis Dreyfus will acquire
Imperial Sugar through a cash tender offer and second step
merger. Under the agreement, Imperial Sugar shareholders will
receive $6.35 per share.
Our investigation concerns whether the Imperial Sugar board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
shareholders.
If you own Imperial Sugar shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers:
(877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP