Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Penford Corporation Stockholders
October 15 2014 - 5:52PM
Business Wire
Kirby McInerney LLP is investigating potential claims against
Penford Corporation (“Penford” or the “Company”) (NASDAQ: PENX)
concerning the proposed acquisition of the Company by Ingredion
Incorporated (“Ingredion”) (NYSE: INGR). Under the terms of the
definitive merger agreement, Penford stockholders will receive
$19.00 in cash for each share of Penford common stock they own,
valuing the transaction at approximately $340 million.
The investigation concerns whether the Penford Board of
Directors violated its fiduciary duties by agreeing to the proposed
transaction and whether the proposed consideration adequately
values the Company’s common stock.
If you are a Penford stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email
at bwalker@kmllp.com, or telephone at (212) 699-1145, Melissa
Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at
(212) 699-1141, or toll free at (888) 529-4787, or by filling out
this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, whistleblower, antitrust and consumer litigation.
For additional information, please go to www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq.,
212-699-1145bwalker@kmllp.comorMelissa Fortunato, Esq.,
212-699-1141mfortunato@kmllp.comorToll Free: 888-529-4787
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