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DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of [ Imperial Sugar Company ] (aImperial Sugara or aIPSUa) (NASDAQ: IPSU) to Louis Dreyfus Commodities, LLC for shareholders. Under the proposed buyout, IPSU shareholders will receive only $6.35 in cash for each share of IPSU stock owned, well below analysts target price of $20.00 per share.

"Based on the lack of a significant premium to Imperial Sugar shareholders, and other factors, the firms are investigating whether the buyout price is fair to Imperial Sugar shareholders. Our proposed shareholder lawsuit seeks to obtain additional value for shareholders than what is proposed in the current buyout offer."

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

Under the definitive merger agreement, Louis Dreyfus will acquire Imperial Sugar through a cash tender offer and a second step merger at $6.35 per share. The transaction is valued at approximately $203 million and is expected to close in the second quarter of 2012.

The investigation centers on whether Imperial Sugar shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Imperial Sugaras stock, and whether Imperial Sugaras board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Although the proposed acquisition price represents a premium over the closing price of Imperial Sugar shares the day before the merger announcement, it is still well below the 52 week high of $25.68 per share. Further, at least one analyst with Yahoo! Finance has estimated that the true inherent value of Imperial Sugar shares could be as high as $20.00 per share. According to shareholder rights attorney Willie Briscoe, "Based on the lack of a significant premium to Imperial Sugar shareholders, and other factors, the firms are investigating whether the buyout price is fair to Imperial Sugar shareholders. Our proposed shareholder lawsuit seeks to obtain additional value for shareholders than what is proposed in the current buyout offer."

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.