TAMPA, Fla., Feb. 3, 2011 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq:QLTY) ("Quality") announced today that the underwritten public offering of approximately 4,000,000 shares of its common stock, of which Quality is offering for sale 2,000,000 shares and certain affiliates of Apollo Management, L.P. ("Apollo") are offering for resale 2,000,000 shares, was priced at $9.50 per share. Apollo has granted to the underwriters of the common stock offering an option to purchase up to 600,000 shares of additional common stock, exercisable within 30 days after today's date solely to cover over-allotments. Quality intends to use the net proceeds from the shares that it will sell in this offering to retire or repay existing indebtedness. Quality will not receive any proceeds from the sale of the shares by Apollo in this offering.
Quality Distribution, Inc. Announces Pricing Of Public Offering Of Common Stock
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.