Westway Group, Inc. (WWAY) said it has entered into final negotiations to sell its liquid feed supplement business, Westway Feed Products, and certain bulk liquid storage terminals to an affiliate of ED&F Man Holdings Ltd., the company's largest stockholder.
Besides, at present, Westway is negotiating with a selected group of bidders to acquire its Westway Terminals business, to occur through the acquisition of Westway's public equity securities following, or concurrent with, the divestiture of Westway Feed Products and the European Terminals.
Francis Jenkins Jr., chairman of Westway, commented, "As part of Westway's strategic review process, we are exploring the sale of both Westway Feed Products and Westway Terminals via separate transactions. While we remain committed to both of these businesses, we believe exploring a sale at this time could best serve to maximize aggregate value for the company's stockholders, while providing each business with the ability to better realize its full growth potential under new ownership."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.