Acquisition of Westway Group, Inc. by EQT Infrastructure II May Not Be in Westway Group Shareholders' Best Interests

  Acquisition of Westway Group, Inc. by EQT Infrastructure II May Not Be in
                  Westway Group Shareholders' Best Interests

PR Newswire

SAN DIEGO and NEW ORLEANS, Dec. 21, 2012

SAN DIEGO and NEW ORLEANS, Dec. 21, 2012 /PRNewswire/ -- Shareholder rights
attorneys at Robbins Umeda LLP are investigating possible breaches of
fiduciary duty and other violations of the law by members of the board of
directors of Westway Group, Inc.(NASDAQ: WWAY) in connection with their
efforts to sell the company to an affiliate of EQT Infrastructure II.

(Logo: http://photos.prnewswire.com/prnh/20111014/ROBBINSUMEDALOGO)

On December 20, 2012, Westway Group and EQT Infrastructure II announced they
had entered into a definitive merger agreement under which EQT Infrastructure
II will acquire Westway Group through an all cash offer tender offer. Westway
Group shareholders will receive $6.70 per share. The transaction is expected
to close in the first quarter of 2013.

The Board of Directors' Actions May Prevent Westway Group Shareholders from
Receiving the Maximum Value for Their Stock

Robbins Umeda LLP's investigation focuses on whether the board of directors at
Westway Group is undertaking a fair process to obtain maximum value and
adequately compensate its shareholders. The $6.70 per share offer price
represents a premium of only 10% based on Westway Group's closing price on
December 20, 2012, and is below the $6.78 per share price the company's stock
traded at on September 19, 2012. Further, the $6.70 per share offer price is
below the $6.91 target price maintained by an analyst at Clarkson Capital
since February 7, 2012. In addition, on November 9, 2012, Westway Group
announced strong financial results for the third quarter 2012, reporting a 21%
increase in net income over the same period in 2011 and net revenue of $106.2
million, which beat analyst's estimates for the sixth time in the previous
eight quarters. Given, these facts, the firm is examining whether the board
of directors' decision to sell Westway Group for $6.70 per share is fair to
shareholders and maximizes the value for their shares.

Westway Group shareholders have the option to file a class action lawsuit
against the company to secure the best possible price for shareholders and the
disclosure of material information so shareholders can make an informed
decision on whether to tender their shares in the tender offer. If you own
stock in Westway Group and are interested in information about your rights and
potential remedies, contact Darnell R. Donahue at (800) 350-6003,
ddonahue@robbinsumeda.com, or via the shareholder information form on the
firm's website.

Robbins Umeda LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. For more information, please
go to http://www.robbinsumeda.com.

Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/westway-group-inc/

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:
Robbins Umeda LLP
Darnell R. Donahue
ddonahue@robbinsumeda.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsumeda.com

SOURCE Robbins Umeda LLP

Website: http://www.robbinsumeda.com
 
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