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Investment company set to...

Investment company set to swoop for Imperial Sugar

20 May 2005
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Imperial received from a current shareholder, Schultze Asset Management, LLC, an unsolicited indication of interest in acquiring all of the Company's outstanding shares.

20/05/05 Imperial Sugar Co. has said that a New York investment company has expressed an interest in acquiring the company's outstanding shares for $17 per share.

Imperial received from a current shareholder, Schultze Asset Management, LLC, an unsolicited indication of interest in acquiring all of the Company's outstanding shares. Schultze's non-binding proposal provides for a purchase price of $17 per share, subject to completion of due diligence and definitive documentation.

The Company's Board of Directors plans to evaluate Schultze's indication of interest.Imperial Sugar is one of the largest processors and marketers of refined sugar in the United States to food manufacturers, retail grocers and foodservice distributors.

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