Westway Group, Inc. (WWAY) is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties

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, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212) 983-9330

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Westway Grp., Inc. (MM) (NASDAQ:WWAY)
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から 11 2024 まで 12 2024