Louis Dreyfus Commodities LLC Agrees to Acquire Imperial Sugar Company

Imperial Sugar Company and Louis Dreyfus Commodities LLC has announced a definitive agreement under which a subsidiary of Louis Dreyfus Commodities LLC will acquire Imperial Sugar through a cash tender offer and second step merger at $6.35 per share. The $6.35 per share represents a 57% premium to Imperial Sugar's closing stock price on April 30, 2012, the last trading day prior to the announcement, and a 50% premium to Imperial Sugar's trailing 30-day volume weighted average stock price.

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