PENX (MM)

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