New
York, NY - May 1, 2012 - www.InvestorIdeas.com, a global investor
research portal for independent investors, issues a trading alert for
this morning’s top percentage gainer on the NASDAQ.com, Imperial Sugar
Co. (NasdaqGS: IPSU), trading at $6.37, up 2.32 (57.28%) 11:26AM EDT on
over 4.7 Million shares.
Imperial
Sugar Company (NASDAQ: IPSU) and Louis Dreyfus Commodities LLC today
announced a definitive agreement under which a subsidiary of Louis
Dreyfus Commodities LLC will acquire Imperial Sugar through a cash
tender offer and second step merger at $6.35 per share. The $6.35 per
share represents a 57% premium to Imperial Sugar’s closing stock price
on April 30, 2012, the last trading day prior to today’s announcement,
and a 50% premium to Imperial Sugar’s trailing 30-day volume weighted
average stock price.
The news was followed by the usual responses from legal firms announcing their intention to investigate the acquisition.
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