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Schultze Bids for Imperial Sugar
NEW YORK - May 20/05 - SNS -- Schultze Asset Management, LLC has made an unsolicited indication of interest in buying all of Imperial Sugar Company's outstanding shares.
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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