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Tuesday, May 1, 2012

Imperial Sugar (NASDAQ:IPSU) Gains over 50% on Acquisition News: Sweet!

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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