Ryan & Maniskas, LLP Announces Investigation of Imperial Sugar Co.
May 02 2012 - 10:34AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/ipsu) is
investigating potential claims against the board of directors of
Imperial Sugar Co. (“Imperial Sugar” or the “Company”) (NASDAQ:
IPSU) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s efforts to sell Imperial
Sugar to subsidiary of Louis Dreyfus Commodities LLC in a
transaction valued at approximately $78 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company’s board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of Imperial Sugar. For more
information regarding our investigation, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877)
316-3218 or by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/ipsu.
Under the terms of the transaction, Imperial Sugar shareholders
will receive $6.35 per share of Imperial Sugar stock they own.
If you own shares of Imperial Sugar and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/ipsu. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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