EQUITY ALERT: The Rosen Law Firm Announces Investigation of Quality Distribution, Inc. Concerning its Proposed Sale to Apax P...
May 08 2015 - 6:14PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of Quality
Distribution, Inc. (NASDAQ:QLTY) for possible breaches of fiduciary
duty and other violations of law by failing to adequately shop
Quality Distribution to maximize shareholder value before agreeing
to be acquired by Apax Partners.
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-604.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $16.00 in cash for each share of Quality Distribution
common stock they own. The proposed transaction is valued at
approximately $800 million. The investigation relates to whether
the proposal is fair to the public shareholders of Quality
Distribution and whether Quality Distribution’s Board breached its
fiduciary duties in connection with the proposed sale.
If you currently own shares of Quality Distribution and wish to
obtain additional information, please visit the firm’s website at
http://rosenlegal.com/cases-604.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax:
212-202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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