Harwood Feffer LLP Announces Investigation of the Imperial Sugar Company

NEW YORK, 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 $203 million. 

On 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. 

Our investigation concerns whether the Imperial Sugar board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. 

If you own Imperial Sugar shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers:
(877) 935-7400
(212) 935-7400
Email:  bsachsmichaels@hfesq.com
Website:  http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP