NEW YORK, May 1, 2012 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Imperial Sugar Company ("Imperial Sugar" or the "Company") (NASDAQ: IPSU) breached its fiduciary duty to its shareholders in agreeing to sell Imperial Sugar to Louis Dreyfus Commodities LLC.
Under the terms of the agreement, Louis Dreyfus Commodities LLC will acquire Imperial Sugar through a cash tender offer and second step merger at $6.35 per share. The investigation is focused on the potential unfairness of the price to Imperial Sugar shareholders and the process by which the Imperial Sugar Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as an Imperial Sugar stockholder, with no obligation or cost to you, please contact
U. Seth Ottensoser at:
(877) 779-1414or Ottensoser@bernlieb.com.