EQT Infrastructure II inks $419 Million Pact to Acquire Westway Group (NASDAQ:WWAY)

The New Orleans, Louisiana based Westway Group, Inc (NASDAQ:WWAY) reported on Thursday that the company has entered into a definitive pact pursuant to which an affiliate of EQT Infrastructure II will purchase all of the outstanding equity securities of Westway Group Inc for around $419 million in collective cash consideration or $6.70 in cash a common share.

Westway Group also declared that it that has entered into a definitive accord to sell its liquid feed supplement unit and certain bulk liquid storage terminals and the U.K. to an affiliate of ED&F Man Holdings Limited for a purchase price of around $115 million.

The company reported that including the acquisition of Westway warrants and convertible preferred shares, the accord is valued at approximately $419 million. Shares of the company hiked 8.2% to settle at $6.58 in extended trading session.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Bunge Limited (NYSE:BG) rose +0.38% to settle at $73.82, The Western Union Company (NYSE:WU) moved up +0.36% to end at $13.75 while Fidelity National Information Services (NYSE:FIS) jumped +1.11% to finish at $35.46 on Thursday.

Westway Group, Inc. (NASDAQ:WWAY) on Dec 20, 2012 decreased -0.49% to the closing price of $6.08. The overall volume in the last trading session was 43,933 shares. Its fifty two weeks range was $4.63 – $7.00. The total market capitalization remained at $171.60 million.

WWAY is ahead of its 52-week low with 39.42% and lagging behind from its 52-week high price with -13.14%. WWAY’s last month’s stock price volatility remained 4.09%. In its share capital WWAY has 28.22 million outstanding shares, among them 12.35 million shares have been floated in market exchange. WWAY’s stock’s institutional ownership remained 54.57% while insider ownership included 4.81%.

The stock price of WWAY is moving forward from its 20 days moving average with 6.01% and remote positively from 50 days moving average with 6.71%. WWAY’s current year’s earnings per share experienced a downfall of -418.38% while its current quarter performance remained at -10.32%. Company’s beta coefficient included 0.15. Beta factors measure the amount of market risk associated with market trade.

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