Louis Dreyfus Commodities LLC Announces Extension of Tender Offer for Shares of Imperial Sugar Company
Louis Dreyfus Commodities LLC today announced an extension of the offer period for the previously announced tender offer for all of the outstanding shares of common stock of Imperial Sugar Company (NASDAQ: IPSU) (“Imperial Sugar”) by Louis Dreyfus Commodities LLC's subsidiary Louis Dreyfus Commodities Subsidiary Inc., for $6.35 per share in cash, without interest and less any applicable withholding taxes. The tender offer, which was previously scheduled to expire at 9:00 a.m., New York City time, on Monday, June 11, 2012, is now scheduled to expire at 11:59 p.m., New York City time, on June 15, 2012.
All other terms and conditions of the tender offer remain unchanged.
The depositary for the tender offer has advised that, as of 7:00 a.m., New York City time, on Monday, June 11, 2012, 8,022,231 shares of Imperial Sugar common stock have been tendered and not withdrawn, representing approximately 64.3% of the outstanding shares on a fully-diluted basis. Certain of the shares were tendered pursuant to notices of guaranteed delivery.
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