The Briscoe Law Firm and Powers Taylor, LLP Investigate the Board of Georgia Gulf Corporation Concerning the Receipt of an Acquisition Proposal from Westlake Chemical Corporation DALLAS, Jan. 16, 2012 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating potential claims against the Board of Directors of Georgia Gulf Corporation ("Georgia Gulf" or GGC") (NYSE: GGC) concerning the board's receipt of an unsolicited acquisition proposal from Westlake Chemical Corporation. Under the acquisition proposal, Westlake Chemical seeks to acquire the remaining shares of Georgia Gulf that it does not own for $30.00 per share in a proposed transaction valued at approximately $1.1 billion. Westlake Chemical currently owns approximately 4.8% of the outstanding shares of Georgia Gulf common stock. Under Westlake Chemical's proposal, Westlake Chemical seeks to acquire all of the outstanding shares of Georgia Gulf common stock for $30.00 per share. The investigation centers on whether Georgia Gulf's Board of Directors is acting in the shareholders' best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Although we hope that Georgia Gulf's Board of Directors is doing everything possible to maximize shareholder value and negotiate a better price for the shareholders, in a January 13, 2012 press release issued by Westlake Chemical, the company suggested that Georgia Gulf has been unwilling to provide necessary information to further the transaction or engage in negotiations. Based on this and other factors, we are concerned that Georgia Gulf's Board of Directors may not be acting in the best interests of the shareholders," said shareholder rights attorney Willie Briscoe.