SEATTLE, Jan. 5, 2015 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. is currently investigating the adequacy of the consideration provided to the holders of the common stock of Quality Products, Inc. ("QP" or the "Company") in the recently announced merger (the "Merger") of QPI Acquisition Corporation into QP. The Company is a manufacturer and distributor of aircraft ground support equipment, hydraulic press machine tools, press brakes, hydraulic presses, and shears with offices in Columbus, Ohio.
The Merger was not submitted to the Company's shareholders for vote. The Notice of Merger and Appraisal Rights (the "Notice") recently provided to holders of common stock indicates that the merger consideration is to be $21.88 per share. The Notice does not indicate that this consideration is the product of arms-length negotiation, but rather describes a valuation report that purportedly supports the $21.88 per share value. Our investigation focuses on whether the fair value of the shares, determined in accordance with the relevant provisions of the laws of Delaware (the Company's state of incorporation) is in fact higher than $21.88 per share. In particular, we are investigating whether the valuation report described in the Notice employed the applicable legal standard and proper valuation methodology, and whether the report appropriately considered the effects of recent transactions, including the Company's acquisitions of Pacific Press and Fenn, LLC. The Notice describes Appraisal Rights of the holders of the Company's common stock, and indicates that holders wishing to assert such rights must make a written demand on or before January 12, 2015.
If you are a current Quality Products shareholder and are concerned about the adequacy of the consideration provided for in the Merger, contact attorney Gary Gotto or attorney Gary Greenwald at (800) 776-6044, or via email at investor@kellerrohrback.com to learn more about Keller Rohrback's investigation.
Keller Rohrback is one of America's leading class action firms handling cases for over two decades. We are committed to helping investors protect their investment options. With offices in Seattle, Phoenix, New York, and Santa Barbara, Keller Rohrback serves as lead and co-lead counsel in class actions throughout the country. Our Complex Litigation Group is proud to offer its expertise to clients nationwide, and our trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.
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