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, Jan. 2, 2013
/PRNewswire/ -- 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.
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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 supplement 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.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP