Law360, New York (May 01, 2012, 3:55 PM ET) -- A subsidiary of privately held Louis Dreyfus Commodities LLC has agreed to buy Imperial Sugar Co. for $77.5 million in cash, completing a two-part merger aimed at allowing Louis Dreyfus to expand its global sugar activities while benefiting Imperial shareholders, the parties announced Tuesday.
The deal is valued at $203 million, including debts and liabilities, and the $6.35-per-share offer represents a 57 percent premium on the sugar processor's Monday closing price of $4.05 per share, the companies said.
Louis Dreyfus, headquartered in the Netherlands, processes agricultural...
McGrath Helps Louis Dreyfus Put Up $78M For Imperial Sugar
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