Quality Distribution (QLTY) Tops Q1 EPS by 4c
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May 8, 2015 7:01 AM EDT
Stifel downgraded Quality Distribution (NASDAQ: QLTY) from Buy to Hold and removed its price target (prior $13.00).
For an analyst ratings summary and ratings history on Quality Distribution click here. For more ratings news on Quality Distribution click here.
Shares of Quality Distribution closed at $15.74 yesterday.
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May 7, 2015 2:13 PM EDT
KeyBanc downgraded Quality Distribution (NASDAQ: QLTY) from Overweight to Sector Weight and removed its price target (prior $14.00). Earlier the company announced an agreement to be acquired by private equity firm Apax Partners for $16 per share.
Analyst Todd C. Fowler, "We believe the... More
May 7, 2015 8:20 AM EDT
Quality Distribution (Nasdaq: QLTY) 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 attractive premium that delivers immediate compelling value for their shares. The definitive agreement was unanimously approved by Quality Distribution's Board of Directors, which recommended that Quality... More
