Law Office of Brodsky & Smith, LLC Announces Investigation of Westway Group, Inc.
11 Enero 2013 - 8:00PM
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
transaction 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.
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