Holly Sugar received a $110-a-share bid.

Brookehill Equities, a New York investment firm that owns 10% of the Colorado Springs, Colo.-based sugar processor, offered $70 in cash and $40 in securities, or $110.9 million, for the shares it doesn’t already own. Two other groups, Burbank-based Shamrock Holdings and a group led by Holly management, have previously made offers for the firm.