TAMPA, Fla., Feb. 9, 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 closed today. The offering, of which Quality offered for sale 2,000,000 shares and certain affiliates of Apollo Management, L.P. ("Apollo") offered for resale 2,000,000 shares was priced at $9.50 per share. In addition, the option to purchase up to 600,000 shares of additional common stock that Apollo granted to the underwriters of the common stock offering was fully exercised and also closed today.
Quality Distribution, Inc. Announces Completion Of Public Offering Of Common Stock And Issuance Of Notice To Redeem $17.5 Million Of 11.75% Senior Subordinated PIK Notes Due 2013
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