USA: Imperial Sugar Co gets proposal from Schultze Management Company
US sugar processor Imperial Sugar Company has confirmed that it has received an unsolicited indication of interest in acquiring all of the Company's outstanding shares from a current shareholder, Schultze Asset Management.
US sugar processor Imperial Sugar Company has confirmed that it has received an unsolicited indication of interest in acquiring all of its outstanding shares from a current shareholder, Schultze Asset Management.
Schultze’s non-binding proposal provides for a purchase price of $17.00 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.
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