Louis Dreyfus Commodities LLC Announces the Commencement of Tender Offer for all Outstanding Shares of Imperial Sugar Company

Imperial Sugar Company

and Louis Dreyfus Commodities LLC today announced that Louis Dreyfus Commodities LLC's subsidiary Louis Dreyfus Commodities Subsidiary Inc. has commenced the previously announced tender offer for all of the outstanding shares of common stock of Imperial Sugar at a price of $6.35 per share, net to the seller in cash without interest and less any required withholding taxes. On May 1, 2012, Imperial Sugar and Louis Dreyfus Commodities LLC announced the definitive merger agreement pursuant to which the tender offer would be made. The offer represents a 57% premium to Imperial Sugar's closing stock price on April 30, 2012, the last trading day prior to the announcement of the merger, and a 50% premium to Imperial Sugar's trailing 30-day volume weighted average stock price as of the same date. As previously disclosed, the board of directors of Imperial Sugar unanimously recommends that shareholders of Imperial Sugar tender their shares into the tender offer.