Quality Distribution (QLTY) Tops Q1 EPS by 4c

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Quality Distribution, Inc. Reports First Quarter 2015 Results

May 6, 2015 10:33 PM EDT

Quality Reports Q1 Diluted EPS of $0.09 and Adjusted Diluted EPS of $0.18

Quality Generates Q1 2015 Free Cash Flow of $24.7 million

Quality Agrees to be Acquired by Funds Advised by Apax Partners for $16.00 per Share in All Cash

TAMPA, Fla., May 6, 2015 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq: QLTY) ("Quality" or the "Company"), a North American logistics and transportation provider with market leading businesses, today announced its results for the first quarter ended March 31, 2015. Unless stated... More

Quality Distribution, Inc. Reports First Quarter 2015 Results

May 6, 2015 10:33 PM EDT

Quality Reports Q1 Diluted EPS of $0.09 and Adjusted Diluted EPS of $0.18

Quality Generates Q1 2015 Free Cash Flow of $24.7 million

Quality Agrees to be Acquired by Funds Advised by Apax Partners for $16.00 per Share in All Cash

TAMPA, Fla., May 6, 2015 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq: QLTY) ("Quality" or the "Company"), a North American logistics and transportation provider with market leading businesses, today announced its results for the first quarter ended March 31, 2015. Unless stated... More

Quality Distribution Agrees to be Acquired by Funds Advised by Apax Partners for $16.00 Per Share in All Cash

May 6, 2015 10:27 PM EDT

TAMPA, Fla. and NEW YORK, May 6, 2015 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq: QLTY) ("Quality Distribution" or the "Company"), a North American logistics and transportation provider with market leading businesses, today announced that it has entered into a definitive agreement to be acquired by funds advised by Apax Partners ("Apax"), a global private equity firm, for approximately $800 million, including the assumption of debt, or $16.00 per share in cash. The transaction price represents a premium of approximately 63% over Quality Distribution's closing share price on May 6, 2015. Quality Distribution believes that the transaction provides its shareholders with an... More