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Stock Market & Financial Investment News

News Breaks
March 5, 2014
06:04 EDTPENXPenford to acquire Gum Technology Corp.
Penford has entered into a definitive agreement to acquire Gum Technology, a privately held gum and hydrocolloids distribution, blending and services company. Gum Technology, based in Tucson, Arizona, serves primarily the food and beverage industries and posted 2013 revenues of about $12M. The acquisition is expected to close in late March, and is expected to be accretive within the first year with significant growth occurring in subsequent years.
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August 20, 2014
06:32 EDTPENXSEACOR nominates four to Penford board
SEACOR Holdings said it submitted notice to Penford that it is nominating Leonard Berlik, Thomas Doxsie, Carl Ragan and Richard Ryan for election as directors of the company at the next annual meeting of shareholders. SEACOR holds a 9.34% stake in Penford.

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