The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Westwa...
27 Dezembro 2012 - 12:49AM
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 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.
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