PENFORD CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

Rigrodsky & Long, P.A.:

• Do you own shares of Penford Corporation (NASDAQ GM: PENX)?
• Did you purchase any of your shares prior to October 15, 2014?
• Do you think the proposed buyout price is too low?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Penford Corporation (“Penford” or the “Company”) (NASDAQ GM: PENX) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Ingredion Incorporated (“Ingredion”) (NYSE: INGR), in a transaction valued at approximately $340 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/penford-corporation-penx.

Under the terms of the agreement, public shareholders of Penford would receive $19.00 in cash for each share of Penford they own.

The investigation concerns whether Penford’s board of directors failed to adequately shop the Company and obtain the best possible value for Penford’s shareholders before entering into an agreement with Ingredion.

If you own the common stock of Penford and purchased your shares before October 15, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at [phone]; by e-mail to [e-mail], or at: http://www.rigrodskylong.com/investigations/penford-corporation-penx.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888) 969-4242(302) 295-5310Fax: (302) [e-mail]://www.rigrodskylong.com