Shareholders Foundation, Inc.

Quality Distribution Inc (NASDAQ:QLTY) Investor Alert: Investigation of Takeover at $16.00 Per Share

An investigation on behalf of investors of Quality Distribution Inc (NASDAQ:QLTY) in connection with the proposed takeover was announced and NASDAQ:QLTY stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/12/2015 -- An investigation on behalf of investors, who currently hold shares of Quality Distribution Inc (NASDAQ:QLTY), was announced concerning whether the takeover of Quality Distribution Inc by funds advised by global private equity firm Apax Partners for $16.00 per share is unfair to NASDAQ:QLTY stockholders.

Investors who purchased shares of Quality Distribution Inc (NASDAQ:QLTY) and currently hold any of those NASDAQ:QLTY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Quality Distribution Inc breached their fiduciary duties owed to NASDAQ:QLTY investors in connection with the proposed acquisition.

On May 6, 2015 Quality Distribution Inc (NASDAQ:QLTY) announced that it has entered into an agreement to be acquired by funds advised by global private equity firm Apax Partners for approximately $800 million, including the assumption of debt, or $16.00 per share in cash.

However, given that at least one analyst has set the high target price for NASDAQ:QLTY shares at $18.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:QLTY stockholders. More specifically, the investigation concerns whether the Quality Distribution Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On May 8, 2015, NASDAQ:QLTY shares closed at $15.73 per share.

Those who are current investors in Quality Distribution Inc (NASDAQ:QLTY) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com