Dreyfus Commodities to Acquire Imperial Sugar

摘要

Louis Dreyfus Commodities LLC, Wilton, Conn., on May 1 announced it will acquire Imperial Sugar Co., Sugarland, Texas, for approximately $203 million, including the assumption of debt and pension liabilities. The mechanism will be a cash tender offer and second step merger at $6.35 per share, a 57 percent premium to Imperial Sugar's closing stock price the day before the announcement. The proposed transaction has been approved unanimously by Imperial Sugar's board of directors.