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Stock Market & Financial Investment News

News Breaks
December 20, 2012
16:59 EDTWWAYEQT Infrastructure II to acquire Westway Group for $6.70
Westway Group 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 for approximately $419M in aggregate cash consideration or $6.70 in cash per common share. The company also announced that it that has entered into a definitive agreement to sell its liquid feed supplement business and certain bulk liquid storage terminals located in Ireland, Denmark, Korea, and the United Kingdom to an affiliate of ED&F Man Holdings, the company's largest stockholder, for a purchase price of approximately $115M, subject to adjustment.
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