San Diego, Jan. 13, 2012 (Shareholders Foundation) -- The announcement by Westlake Chemical Corporation that it submitted a proposal to acquire all of the outstanding shares of Georgia Gulf for $30.00 per share in cash prompted an investigation for investors in Georgia Gulf Corporation (NYSE:GGC) shares concerning whether the offer to acquire Georgia Gulf Corp. and the buyout process are unfair to investors in Georgia Gulf (GGC).

The investigations by law firms concern whether Georgia Gulf Corp., certain officers and directors, and/or others breached their fiduciary duties owed Georgia Gulf Corporation (NYSE:GGC) investors in connection with the proposed acquisition.

On January 13, 2012, Westlake Chemical Corporation (NYSE: WLK) announced that it has submitted a proposal to Georgia Gulf Corporation (NYSE: GGC) to acquire all of the outstanding shares of Georgia Gulf for $30.00 per share in cash. Westlake Chemical Corporation said the $30offer represents a 51% premium to Georgia Gulfs 30-day volume-weighted average share price of $19.82.

However, following the takeover proposal shares of Georgia Gulf Corporation (Public, NYSE:GGC) jumped from slightly below $25 per share On Jan 12, 2012 to to $33.42 per share on Jan 13, 2012, thus above the current $30offer.

Furthermore, shares of Georgia Gulf Corporation (Public, NYSE:GGC) traded as recently as April 26, 2011 as high as$40.09 per share, thus well above the current offer. In addition at least one analyst has set the high target price for NYSE GGC stocks at $35 per share.

Then on January 16, 2012, Georgia Gulf Corporation (NYSE: GGC) announced that its Board of Directors has rejected Westlake Chemical Corporations unsolicited proposal to acquire Georgia Gulf for $30.00 per share.

Therefore the investigation for NYSE:GGC investors concerns whether the Georgia Gulf Board of Directors will undertake an adequate sales process and in particular breach their fiduciary duties to Georgia Gulf Corporation (NYSE:GGC) shareholders by failing to adequately shop the Company before entering into this transaction.

In particular considering that Westlake Chemical Corporation also said that it has already acquired Georgia Gulf Corporation (NYSE: GGC) shares representing approximately 4.8% of the outstanding common shares of Georgia Gulf.

Furthermore Georgia Gulf performance improved lately. Georgia Gulf Corporation reported that its annual Revenue rose from $1.99billion in 09 to $2.81billion in 2010. Furthermore Georgia Gulf Corporation reported that its third quarter Revenue increased from $758.04million in 2010 to $929.64million in 2011 and its third quarter Net Income rose from $24.96million to $34.36million.

Thus a potential securities class action lawsuit would seek to maximize the amount of money and information NYSE:GGC shareholders would receive in a buyout, so the law firm.