BALA CYNWYD, Pa. -- (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 email@example.com
by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Source: Brodsky & Smith, LLC
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