Quality discounts stock offer


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  • | 8:38 p.m. February 4, 2011
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  • Tampa Bay-Lakeland
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TAMPA — Quality Distribution Inc., which is preparing to offer 4 million shares of its common stock (symbol: QLTY), announced that those shares would be sold for $9.50 each.

Because half of the shares being offered are owned by Apollo Management (see below), Quality could raise up to $19 million, less sale costs, to pay down its outstanding debt.

From Feb. 2:

 

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