SYS-CON MEDIA Authors: Yeshim Deniz, Liz McMillan, Elizabeth White, Andy Thurai, Zakia Bouachraoui

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SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Penford Corporation in Connection with the Sale of the Company -PENX

BALA CYNWYD, Pa., Oct. 15, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Penford Corporation ("Penford" or the "Company") (Nasdaq –PENX-News) relating to the proposed acquisition by Ingredion Incorporated ("Ingredion").

Click here to learn more about the investigation http://brodsky-smith.com/837-penx-penford-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Penford shareholders will receive only $19.00 in cash for each share of Penford stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Penford for not acting in the Company's shareholders' best interests in connection with the sale process. Penford's range of products addresses growing consumer trends, including nutrition, gluten-free, food texture, and sustainable green solutions. As a result, Penford has reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The Company has also demonstrated a pattern of positive earnings per share growth over the past two years.

If you own shares of Penford common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/837-penx-penford-corporation.html, or calling toll free 877-LEGAL-90. 

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome. 

SOURCE Brodsky & Smith, LLC

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