Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Penford Corporation Stockholders

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 [e-mail], or telephone at [phone], Melissa Fortunato, Esq. by email at [e-mail], or telephone at [phone], or toll free at [phone], 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., [e-mail] Fortunato, Esq., [e-mail] Free: 888-529-4787