Louis Dreyfus Extends Bid for Imperial Sugar (IPSU) to June 19th
Tweet Send to a FriendGet Alerts IPSU Hot Sheet
Trade IPSU Now!
Louis Dreyfus Commodities LLC today announced an extension of the offer period for the previously announced tender offer for all of the outstanding shares of common stock of Imperial Sugar Company (NASDAQ: IPSU) by Louis Dreyfus Commodities LLC’s subsidiary Louis Dreyfus Commodities Subsidiary Inc., for $6.35 per share in cash, without interest and less any applicable withholding taxes.
The depositary for the tender offer has advised that, as of 5:00 p.m., New York City time, on Monday, June 18, 2012, 8,735,700 shares of Imperial Sugar common stock have been tendered and not withdrawn, representing approximately 70.03% of the outstanding shares on a fully-diluted basis, including 530,744 shares tendered through notices of guaranteed delivery.
The tender offer, which was previously scheduled to expire at 5:00 p.m., New York City time, on Monday, June 18, 2012, is now scheduled to expire at 5:00 p.m., New York City time, on Tuesday, June 19, 2012 to permit delivery of additional shares tendered through notices of guaranteed delivery.
All other terms and conditions of the tender offer remain unchanged.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The depositary for the tender offer has advised that, as of 5:00 p.m., New York City time, on Monday, June 18, 2012, 8,735,700 shares of Imperial Sugar common stock have been tendered and not withdrawn, representing approximately 70.03% of the outstanding shares on a fully-diluted basis, including 530,744 shares tendered through notices of guaranteed delivery.
The tender offer, which was previously scheduled to expire at 5:00 p.m., New York City time, on Monday, June 18, 2012, is now scheduled to expire at 5:00 p.m., New York City time, on Tuesday, June 19, 2012 to permit delivery of additional shares tendered through notices of guaranteed delivery.
All other terms and conditions of the tender offer remain unchanged.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Sprint (S) to Raise Offer for Clearwire (CLWR) - DJ
- Elan (ELN) Rejects Royalty Pharma's $12.50/Share Bid
- rue21 (RUE) Will be Acquired by Apax Partners for $42/Share
Create E-mail Alert Related Categories
Mergers and Acquisitions
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
