Faruqi & Faruqi, LLP Announces Investigation of Imperial Sugar Co.
02 Mai 2012 - 1:15AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Imperial Sugar Co. (“Imperial Sugar” or the “Company”)
(NASDAQ: IPSU) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Louis Dreyfus Commodities LLC in an all-cash deal valued at about
$78 million. Under the terms of the proposed transaction, Imperial
Sugar stockholders will receive $6.35 in cash for each share of
Imperial Sugar common stock they own, while according to Yahoo!
Finance, at least one financial analyst has set a price target of
$20.00 for Imperial Sugar. The proposed transaction is structured
as a tender offer and may be effectuated without a shareholder
vote.
Request more information now by clicking here:
www.faruqilaw.com/IPSU. There is no cost or obligation to you.
Whether Imperial Sugar’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Imperial Sugar’s shares and by how much this proposed
transaction undervalues the Company to the detriment of Imperial
Sugar’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Imperial Sugar and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/IPSU or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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