NEW YORK, May 7, 2015 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of Quality Distribution, Inc.
("Quality Distribution" or the "Company") (NASDAQ: QLTY) concerning
the proposed acquisition of the Company by Apax Partners ("Apax")
in transaction worth approximately $800
million.
Under the terms of the transaction, Quality Distribution
shareholders would receive $16.00 per
share of Quality Distribution owned. As recently as
July 2014, Quality Distribution
shares traded at over $15.40 per
share and according to Yahoo Finance at least one analyst has set a
target price for Quality Distribution shares of $18.00.
Our investigation concerns whether the Quality Distribution
board of directors is fulfilling its fiduciary duties, maximizing
the value of the Company, disclosing all material benefits and
costs, and obtaining full and fair consideration for Company
stockholders.
If you own Quality Distribution shares and wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: povers@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP