NEW ORLEANS, Dec. 20, 2012 (GLOBE NEWSWIRE) -- Westway Group, Inc. (Nasdaq:WWAY) ("Westway" or the "Company") today announced it has entered into a definitive agreement pursuant to which an affiliate of EQT Infrastructure II will acquire all of the outstanding equity securities of Westway Group, Inc. for approximately $419 million in aggregate cash consideration or $6.70 in cash per common share (the "Merger Agreement"). The Company also announced that it that has entered into a definitive agreement to sell its liquid feed supplement business ("Westway Feed Products" and such agreement, the "Purchase Agreement") and certain bulk liquid storage terminals located in Ireland, Denmark, Korea, and the United Kingdom (collectively, the "Foreign Terminals") to an affiliate of ED&F Man Holdings Limited ("ED&F Man"), the Company's largest stockholder, for a purchase price of approximately $115 million, subject to adjustment.
EQT Infrastructure II To Acquire Westway Group, Inc. For $6.70 Per Share
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