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PENX > SEC Filings for PENX > Form 8-K/A on 25-Mar-2014All Recent SEC Filings

Show all filings for PENFORD CORP



Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01. Entry into a Material Definitive Agreement

As previously reported, on March 4, 2014, Penford Products Co., a Delaware corporation ("Purchaser") and a wholly-owned subsidiary of Penford Corporation
("Penford"), entered into an Asset Purchase Agreement (the "Purchase Agreement")
with Gum Technology, an Arizona close corporation ("Seller"), and Allen J Freed and Sheryl I. Freed, the owners of Seller. On March 25, 2014, pursuant to the terms of the Purchase Agreement, Purchaser acquired substantially all of the assets of Seller and assumed certain liabilities in exchange for approximately $10.2 million in cash subject to certain adjustments.

A copy of Registrant's press release dated March 25, 2014 announcing the completion of this transaction and certain inducement options granted to key employees of Seller is furnished as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

No. Description

99.1 Press Release dated March 25, 2014


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