Westway Group, Inc. Warrants Set to Expire
06 Mayo 2011 - 4:30PM
Westway Group, Inc. (Nasdaq:WWAY) ("Westway" or the "Company")
stated that the Company's publicly traded warrants (Nasdaq:WWAYW)
will expire in accordance with their terms on Tuesday, May 24, 2011
at 5 P.M. New York time. At that time the Company's publicly traded
units (Nasdaq:WWAYU), comprised of one share of Class A Common
stock (WWAY) and two warrants (WWAYW), will separate and the
remaining share of Class A Common stock will trade under the stock
symbol WWAY.
Any holder of the Company's warrants may exercise the warrant in
accordance with its terms prior to 5 P.M. New York time on May 24,
2011, in order to receive one share of the Company's Class A Common
stock for each warrant exercised.
However, the Company indicated that there will not be a Broker
Protect Period. Therefore, trading of the warrants and units
in the public market will be suspended by NASDAQ at the open of
business on May 20, 2011, which is 3 days before the expiration
date, to allow sufficient time for the settlement of any market
trades before the securities expire.
About Westway Group, Inc. Westway is a leading
provider of bulk liquid storage and related value-added services
and a leading manufacturer and distributor of liquid animal feed
supplements.
The Westway Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7654
CONTACT: Thomas A. Masilla, Jr.
Chief Financial Officer
504-636-4245
thomas.masilla@westway.com
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