SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Penford Corp. Regarding the Fair...
October 27 2014 - 11:01AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Penford Corporation (“Penford” or “the Company”) (NasdaqGM: PENX)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Ingredion
Incorporated (NYSE: INGR).
Click here to learn more about the investigation:
http://zlk.9nl.com/penford-penx.
Under the terms of the transaction, Penford shareholders will
receive $19 for each share of Penford stock they own. The
investigation concerns whether the Board of Penford breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Ingredion Incorporated is underpaying for Penford shares.
If you own Penford common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/penford-penx.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 28
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
Levi & Korsinsky, LLPJoseph E. Levi, Esq.(212) 363-7500,
toll-free: (877) 363-5972jlevi@zlk.com
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