Faruqi & Faruqi, LLP Announces Investigation of Georgia Gulf Corporation, Inc. (GGC)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Georgia Gulf Corporation (“Georgia Gulf” or the “Company”) (NYSE: GGC) for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to Westlake Chemical Corporation (NYSE: WLK) in an all-cash deal valued at about $1.1 billion. Under the terms of the proposed transaction, Georgia Gulf stockholders would receive $30.00 in cash for each share of Georgia Gulf common stock they own.
Whether Georgia Gulf’s Board of Directors is acting in accordance with their fiduciary duties to Georgia Gulf’s stockholders to conduct an adequate and fair sales process to sell the Company, whether the proposed transaction undervalues Georgia Gulf’s shares, whether Georgia Gulf’s Board of Directors is adequately negotiating a price increase for the proposed transaction and by how much this proposed transaction undervalues the Company to the detriment of Georgia Gulf’s shareholders are the key focus of this investigation.
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Faruqi & Faruqi, LLP
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