Imperial Sugar in late stages of exploring Wholesome Sweeteners sale
Imperial Sugar disclosed in a regulatory filing that it is attempting to enhance operating cash flow by increasing sales prices and improving operating efficiencies, and is reviewing opportunities to improve its liquidity, including potential sales of assets. The company said that it’s in the late stages of exploring with its partner the potential sale of their interests in Wholesome Sweeteners to a third party. Imperial Sugar cautioned that its continuation as a going concern is dependant upon its ability to generate sufficient cash flows from operations or increase its liquidity through asset sales in order to meet its obligations as they become due. :theflyonthewall.com
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