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
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