SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Law Office of Brodsky & Smith, LLC Announces Investigation of Westway Group, Inc.

[January 11, 2013]

Law Office of Brodsky & Smith, LLC Announces Investigation of Westway Group, Inc.

BALA CYNWYD, Pa. --(Business Wire)--

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Westway Group, Inc. ("Westway" or the "Company") (Nasdaq: WWAY) relating to the proposed acquisition by EQT Infrastructure II ("EQT").

Under the terms of the transaction, Westway shareholders will receive only $6.70 in cash for each share of Westway stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Westway for not acting in the Company's shareholders' best interests in connection with the sale process to EQT. The tranaction may undervalue the Company and will not result in a gain for many shareholders. For example Westway stock traded at $6.90 as recently as September 14, 2012 and $6.95 on August 17, 2012. In addition, an analyst has set a price target for Westway stock at $7.00 per share.


If you own shares of Westway stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/522-wway-westway-group-inc.html, by calling toll free 877-LEGAL-90.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2013 Technology Marketing Corporation. All rights reserved.