BALA CYNWYD, Pa., May 1, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Imperial Sugar
Company ("Imperial Sugar" or the "Company") (Nasdaq: IPSU) relating
to the proposed acquisition by a subsidiary of Louis Dreyfus
Commodities LLC. ("Louis
Dreyfus").
Under the terms of the transaction, Imperial Sugar Company
shareholders would receive only $6.35
in cash for each share of Imperial Sugar stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Imperial
Sugar for not acting in the Company's shareholders' best interests
in connection with the sale process to Louis Dreyfus. The transaction may undervalue
Imperial Sugar as Imperial Sugar stock traded at $24.49 on August 2,
2011 and traded at $7.03 as
recently as February 13, 2012. In
addition, an analyst has set a price target for Imperial Sugar
stock at 20.00 per share.
If you own shares of Imperial Sugar stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/421-ipsu-imperial-sugar-company.html, or
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC