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Rigrodsky & Long, P.A. Investigates Georgia Gulf Corporation's Receipt of Acquisition Proposal from Westlake Chemical Corporation for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Georgia Gulf Corporation (“Georgia Gulf” or the “Company”) (NYSE: GGC) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from Westlake Chemical Corporation (“Westlake”), to acquire the remainder of the Company it does not already own for approximately $1.1 billion in cash (the “Proposal”).

The Proposal contemplates Westlake’s acquisition of all of the outstanding shares of common stock of Georgia Gulf for $30.00 per share in cash.  Westlake already owns approximately 4.8% of the Company’s outstanding shares.

The investigation concerns the board of directors’ process for consideration of the proposed transaction, whether GeorgiaGulf is acting in its shareholders’ best interests by refusing to enter into negotiations with Westlake, and whether the proposed consideration to be paid to Georgia Gulf’s shareholders would be fair and adequate.  According to the Proposal, Georgia Gulf’s board of directors has “been unwilling to discuss value or to commence negotiations” with Westlake.  Moreover, according to Yahoo! Finance, at least one analyst has placed a $35.00 per share price target for Georgia Gulf stock.

If you own the common stock of Georgia Gulf and purchased your shares before January 13, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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