Sugar giant US Sugar says it “fully intends to litigate” to prove its proposed deal to acquire rival Imperial Sugar will not result in higher prices and harm sugar buyers after the Department of Justice (DOJ) filed an anti-trust lawsuit in a bid to block the deal.
Sugar giant US Sugar says it “fully intends to litigate” to prove its proposed deal to acquire rival Imperial Sugar will not result in higher prices and harm sugar buyers after the Department of Justice (DOJ) filed an anti-trust lawsuit in a bid to block the deal.
United States Sugar Corp., a Clewiston, Florida, company that markets sugar cooperatively with Red River Valley sugarbeet growers, is seeking to purchase Imperial Sugar Co., including a major refinery in the Savannah, Georgia, area. The U.S. Department of Justice on Tuesday, Nov. 23, announced it is suing to block the purchase that could increase the market share of United Sugars Corp., the Edina, Minn.-based co-op marketing company, from its current 25% market share, to 32% to 34%.
Antitrust Division - US Department of Justice (via Public) / Justice Department Sues to Block U S Sugar s Proposed Acquisition of Imperial Sugar publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
United States Sugar Corp., a Clewiston, Florida, company that markets sugar cooperatively with Red River Valley sugarbeet growers, is seeking to purchase Imperial Sugar Co., including a major refinery in the Savannah, Georgia, area. The U.S. Department of Justice on Tuesday, Nov. 23, announced it is suing to block the purchase that could increase the market share of United Sugars Corp., the Edina, Minn.-based co-op marketing company, from its current 25% market share, to 32% to 34%.