QUALITY SHAREHOLDER ALERT - National Securities Law Firm Seeks Higher Price for Quality Distribution Shareholders in Connection with its Acquisition, and Encourages Shareholders to Contact Law Firm for More Information.
NEW YORK, May 7, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Quality Distribution, Inc. (NASDAQ: QLTY) ("Quality" or the "Company") on behalf of its shareholders. Quality announced that it has entered into a definitive agreement to be acquired by funds advised by Apax Partners for $16 per share in cash.
Our investigation has determined that the offer price of only $16 per share unfairly under-values the true going forward inherent value of Quality and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, an analyst has opined that the Company is worth at least $18 per share and the Company announced, on the same day, improved financial results for its first quarter ended 2015. The investigation further seeks to determine whether the senior management of Quality are entering into this deal for their own self-interests to the detriment of the Company's shareholders. Indeed, Quality management is expected to remain with the Company in the same capacity.
If you are a shareholder of Quality and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
www.tripplevy.com/participate-in-an-action
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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