Law Office of Brodsky & Smith, LLC Announces Investigation of
Westway Group, Inc.
BALA CYNWYD, Pa., Jan. 4, 2013 /PRNewswire/ -- 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.
SOURCE Brodsky & Smith, LLC
