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May 1, 2012 /PRNewswire/ -- Harwood Feffer LLP (
www.hfesq.com) is investigating potential claims against the board of directors of the Imperial Sugar Company ("Imperial Sugar" or the "Company") (NASDAQ: IPSU) concerning the proposed acquisition of the Company by Louis Dreyfus Commodities LLC ("
Louis Dreyfus") in a transaction valued at approximately
May 1, 2012, it was announced that Imperial Sugar and
Louis Dreyfus have entered into a definitive agreement pursuant to which
Louis Dreyfus will acquire Imperial Sugar through a cash tender offer and second step merger. Under the agreement, Imperial Sugar shareholders will receive
$6.35 per share.