QUALITY DISTRIBUTION, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
May 08 2015 - 6:57PM
Business Wire
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.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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