SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Penford Corp. in Connection with the Sale of the Company
October 27 2014 - 9:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Penford Corporation (“Penford” or the “Company”) (Nasdaq: PENX)
relating to the proposed acquisition by Ingredion Incorporated
(“Ingredion”).
Click here to learn more about the investigation
http://brodsky-smith.com/837-penx-penford-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Penford shareholders will
receive only $19.00 in cash for each share of Penford stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Penford for not acting in the Company’s shareholders' best
interests in connection with the sale process. Penford’s range of
products addresses growing consumer trends, including nutrition,
gluten-free, food texture, and sustainable green solutions. As a
result, Penford has reported significant earnings per share
improvement in the most recent quarter compared to the same quarter
a year ago. The Company has also demonstrated a pattern of positive
earnings per share growth over the past two years.
If you own shares of Penford common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/837-penx-penford-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/837-penx-penford-corporation.html
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