Louis Dreyfus Commodities LLC Announces 68.5% of Shares of Imperial Sugar Company Tendered; Extends Tender Offer Until 5:00 P.M. on June, 18, 2012 to Permit Delivery of Guaranteed Shares

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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
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 depositary for the tender offer has advised that, as of 11:59 p.m., New York City time, on Friday, June 15, 2012, 8,547,944 shares of Imperial Sugar common stock have been tendered and not withdrawn, representing approximately 68.5% of the outstanding shares on a fully-diluted basis, including 807,346 shares tendered through notices of guaranteed delivery. The tender offer, which was previously scheduled to expire at 11:59 p.m., New York City time, on Friday, June 15, 2012, is now scheduled to expire at 5:00 p.m., New York City time, on Monday, June 18, 2012 to permit delivery of additional shares tendered through notices of guaranteed delivery. All other terms and conditions of the tender offer remain unchanged.
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