Investment company set to swoop for Imperial Sugar
Imperial received from a current shareholder, Schultze Asset Management, LLC, an unsolicited indication of interest in acquiring all of the Company's outstanding shares.
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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