EQT Pays $419M for Westway Group

Private equity investor EQT said it would buy bulk liquid storage provider Westway Group Inc. for about $419 million, a year after the company spurned a similar buyout bid. Westway has also agreed to sell its liquid feed supplement business and certain bulk liquid storage terminals to an affiliate of ED&F Man Holdings Limited, the company's largest stockholder, for about $115 million.

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