NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Westway
Group, Inc. (“Westway” or the “Company”) (NASDAQ: WWAY) for potential
breaches of fiduciary duties in connection with their conduct related to
the sale of the Company to an affiliate of EQT Infrastructure II in an
all-cash deal valued at approximately $419 million. Under the terms of
the proposed transaction, Westway’s stockholders will receive $6.70 in
cash for each share of Westway common stock they own, while according to
Yahoo! Finance, at least one financial analyst has set a price target of
$7.00 for Westway. The proposed transaction is structured as a tender
offer and may be effectuated without a shareholder vote.
Request more information now by clicking here: www.faruqilaw.com/WWAY.There is no cost or obligation to you.
The investigation focuses on whether Westway’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of Westway’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Westway and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/WWAY
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
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responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Contacts:
Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877)
247-4292 or (212) 983-9330
jmonteverde@faruqilaw.com
Source: Faruqi & Faruqi, LLP