Louis Dreyfus Commodities Extends Tender Offer for Shares of Imperial Sugar Company Until 5:00 P.M. on June 19, 2012 to Permit Delivery of Guaranteed Shares
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) 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 depositary for the tender offer has advised that, as of 5:00 p.m., New York City time, on Monday, June 18, 2012, 8,735,700 shares of Imperial Sugar common stock have been tendered and not withdrawn, representing approximately 70.03% of the outstanding shares on a fully-diluted basis, including 530,744 shares tendered through notices of guaranteed delivery.
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