WILMINGTON, Del., Oct. 15, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do
you own shares of Penford Corporation (NASDAQ GM:
PENX)?
- Did
you purchase any of your shares prior to October 15, 2014?
- Do
you think the proposed buyout price is too low?
- Do
you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Penford
Corporation ("Penford" or the "Company") (NASDAQ GM: PENX)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Ingredion Incorporated ("Ingredion") (NYSE:
INGR), in a transaction valued at approximately $340 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/penford-corporation-penx.
Under the terms of the agreement, public shareholders of Penford
would receive $19.00 in cash for each
share of Penford they own.
The investigation concerns whether Penford's board of directors
failed to adequately shop the Company and obtain the best possible
value for Penford's shareholders before entering into an agreement
with Ingredion.
If you own the common stock of Penford and purchased your shares
before October 15, 2014, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/penford-corporation-penx.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.