WILMINGTON, Del., May 7, 2015 /PRNewswire/ -- Rigrodsky & Long,
P.A.:
- Do you own shares of Quality Distribution, Inc. (NASDAQ
GM: QLTY)?
- Did you purchase any of your shares prior to May 7, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Quality
Distribution, Inc. ("Quality Distribution" or the "Company")
(NASDAQ GM: QLTY) regarding possible breaches of fiduciary duties
and other violations of law related to the Company's entry into an
agreement to be acquired by funds advised by Apax Partners
("Apax"), in a transaction valued at approximately $800 million.
Click here to learn more:
http://rigrodskylong.com/investigations/quality-distribution-inc-qlty.
Under the terms of the agreement, public shareholders of Quality
Distribution would receive $16.00 in
cash for each share of Quality Distribution they own.
The investigation concerns whether Quality Distribution's board
of directors failed to adequately shop the Company and obtain the
best possible value for Quality Distribution's shareholders before
entering into an agreement with Apax. According to Yahoo!
Finance, at least one analyst has issued a price target for Quality
Distribution stock at $18.00 per
share.
If you own the common stock of Quality Distribution and
purchased your shares before May 7,
2015, 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 or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/quality-distribution-inc-qlty.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/quality-distribution-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300079636.html
SOURCE Rigrodsky & Long, P.A.