Penford shareholders approve acquisition by Ingredion

2 Feb 2015

Penford has announced that 99% of its its shareholders voted to approve the previously announced merger with Ingredion under which Ingredion will acquire all of the outstanding shares of Penford for approximately $340 million. The transaction closing remains subject to regulatory approvals and other customary closing conditions. Upon completion of the transaction, Penford will become […]

Penford shareholders approve acquisition by Ingredion

voting-concept-words-vote-button-computer-keyboard-39070439Penford has announced that 99% of its its shareholders voted to approve the previously announced merger with Ingredion under which Ingredion will acquire all of the outstanding shares of Penford for approximately $340 million.

The transaction closing remains subject to regulatory approvals and other customary closing conditions. Upon completion of the transaction, Penford will become a wholly-owned subsidiary of Ingredion.

 

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