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The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Westway Group, Inc. in Connection with the Sale of the Company to EQT Infrastructure II
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Westway
Group, Inc. ("Westway" or the "Company") (NasdaqCM: WWAY) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to an affiliate of EQT
Infrastructure II.
Click here to learn how to join the action: http://zlk.9nl.com/westway-wway,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Westway shareholders will receive
$6.70 for each share of Westway stock they own. The transaction has a
total approximate value of $419 million. Westway has also agreed to sell
its liquid feed suppleent business and certain storage terminals to an
affiliate of ED&F Man Holdings Limited for approximately $115 million.
The investigation concerns whether the Westway Board of Directors
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before entering into this transaction and whether EQT
Infrastructure II is underpaying for Westway shares, thus unlawfully
harming Westway stockholders. In particular, Westway stock has traded
above the offer price as recently as September 19, 2012.
If you own common stock in Westway and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/westway-wway.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.

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