As previously announced, Westway's board of directors initiated a process to explore possible strategic alternatives for the company as a whole, including alternatives for Westway Feed Products and the foreign terminals, and formed a special committee of independent directors to direct such process.

The special committee retained Evercore Partners as financial advisor to assist it during this process.

Westway also received notice from the Federal Trade Commission on Jan. 3, 2013, that it had been granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the transactions contemplated by the previously announced agreement and plan of merger, dated as of Dec. 20, 2012.

An affiliate of EQT Infrastructure II Limited Partnership agreed to acquire all of the outstanding equity securities of the company for approximately $419 million in aggregate cash consideration or $6.70 in cash per common share. 

Westway Feed Products is the largest producer of liquid feed supplements in North America, with 2011 volumes of 1.8 million tons. The business has 31 locations worldwide, including in the U.S. and western Canada.


The company's brands include Multi-Mix, Sweet Cake, Suga-Lik, E-Z GLO and Pro Lix.  end mark

—From Westway Group, Inc. news release