Penford Corporation Stockholders Encouraged to Contact Securities Law Firm about Takeover
17 October 2014 - 3:10AM
PR Newswire (US)
NEW YORK, Oct. 16, 2014 /PRNewswire/ -- Securities
lawyers at Dunnam & Dunnam are investigating the board of
Penford Corporation (NASDAQ MKT: PENX) in connection with a buyout
for only $19.00 per share. Concerned
PENX investors are encouraged to contact attorney Hamilton Lindley
by clicking here.
Under the terms of the proposed transaction, Ingredion
Incorporated will acquire all of the outstanding shares of Penford
for $19.00 in cash per share.
The proposed transaction is valued at approximately $340 million in the aggregate and has already
been approved by the Boards of Directors of both companies.
The law firm's investigation will determine whether synergies will
be fully reflected in the offer price.
Dunnam & Dunnam has significant experience representing
shareholders in securities lawsuits nationwide. PENX stockholders –
or anyone with knowledge about this situation – should contact
lawyer Hamilton Lindley at hlindley@dunnamlaw.com with questions,
toll free at (844) 702-2990 or visit
http://www.dunnamlaw.com/PENX.
SOURCE Dunnam & Dunnam
Copyright 2014 PR Newswire
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