CEDAR RAPIDS — A class-action lawsuit has been filed by shareholders against the board of directors of Penford Corp. contending they did not adequately shop the company to get a higher price before accepting an offer from Ingredion Inc.A complaint filed in Colorado federal court alleges breaches of fiduciary duty and other violations of state law regarding the $340 million, $19-per-share deal announced Oct.
Lawsuit Challenges Penford Deal
Local News from TheGazette.com, The Gazette (Cedar Rapids)
Fri, 10/31/2014 - 1:29pm
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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