PACER INTERNATIONAL INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Pacer International, Inc. (PACR) Over...
January 06 2014 - 11:31AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Pacer International, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Pacer International, Inc.
(“Pacer” or the “Company”) (NASDAQ: PACR) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to XPO Logistics in a cash and stock deal
valued at approximately $335 million. Under the terms of the
proposed transaction, Pacer stockholders will receive $6.00 in cash
and $3.00 of XPO Logistics common stock for each share of Pacer
common stock they own. According to Yahoo! Finance, at least one
analyst has set a price target of $10.00 for the Company.
Request more information now by clicking here:
www.faruqilaw.com/PACR. There is no cost or
obligation to you.
The investigation focuses on whether Pacer’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Pacer’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Pacer International, Inc. and wish to
obtain additional information and protect your investments free of
charge, please visit us at www.faruqilaw.com/PACR or contact Juan
E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLPJuan E. Monteverde, Esq.(877) 247-4292
or (212)
983-9330jmonteverde@faruqilaw.comwww.faruqilaw.com/PACR
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