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QLTY (MM)

15.98
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:QLTY NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.98 0 01:00:00

QUALITY DISTRIBUTION, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Quality Distribution, Inc. Ove...

18/05/2015 7:30pm

Business Wire


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Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Quality Distribution, Inc.

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Quality Distribution, Inc. (“Quality Distribution” or the “Company”) (Nasdaq:QLTY) for potential breaches of fiduciary duties in connection with the sale of the Company to Apax Partners (“Apax”) for approximately $800 Million in an all-cash transaction. The Company’s stockholders will receive $16.00 for each share of Quality Distribution common stock they own. It is important to note that analysts have set price targets as high as $18.00 for a share of Quality Distribution.

Click here for more information: www.faruqilaw.com/QLTY. There is no cost or obligation to you.

The investigation focuses on whether Quality Distribution’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Quality Distribution’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Quality Distribution and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/QLTY or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212) 983-9330

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