SHAREHOLDER ALERT: Brower Piven Announces Class Action Lawsuit In Connection With The Sale Of Penford Corporation
04 November 2014 - 7:37AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the District
of Colorado on behalf of all common stockholders of Penford
Corporation (“Penford” or the “Company”) (Nasdaq: PENX) opposing
the proposed acquisition of Penford by Ingredion Incorporated
(“Ingredion”).
The complaint arises out of the October 15, 2014 announcement
that Penford had entered into a definitive merger agreement
pursuant to which Ingredion will acquire Penford in a transaction
valued at approximately $340 million. Under the terms of the
transaction, Penford shareholders will receive $19.00 per share in
cash for each share of Penford common stock they own.
The complaint seeks relief on behalf of the named plaintiff and
all other similarly situated shareholders of Penford and asserts
whether the Company’s Board of Directors breached their fiduciary
duties by failing to maximize shareholder value and/or protect the
interests of Penford shareholders.
If you currently own common stock of Penford and would like to
learn more about this lawsuit and your ability to participate as a
plaintiff, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
(MM) (NASDAQ:PENX)
Historical Stock Chart
From Jun 2024 to Jul 2024
(MM) (NASDAQ:PENX)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about (MM) (NASDAQ): 0 recent articles
More Penford Corp. (MM) News Articles