Finkelstein Thompson LLP Investigates Potentially Unfair Buyout of Pacer International, Inc.
January 06 2014 - 2:41PM
Business Wire
The law firm of Finkelstein Thompson LLP is investigating
potential claims on behalf of shareholders of Pacer International,
Inc. (Nasdaq: PACR) (“Pacer” or “the Company”), concerning the
Company’s proposed acquisition by XPO Logistics, Inc. (NYSE: XPO)
(“XPO”). Under the terms of the proposal, Pacer shareholders will
receive $6.00 in cash and $3.00 in XPO stock for each share of
Pacer they own, for a total consideration of $9.00 per share. At
least one analyst has set a target price of $10.00 for Pacer
shares. The entire transaction is valued at approximately $335
million.
The investigation is focused on whether Pacer’s Board of
Directors breached its fiduciary duty in failing to maximize
consideration to shareholders, the potential unfairness of the
consideration to shareholders, the process by which the Board
considered the transaction, and potential conflicts of interest
among the Company’s Board members.
If you are interested in discussing your rights as a Pacer
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson’s Washington, DC offices at
(877) 337-1050 or (202) 337-8000, or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or
co-counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
website at www.finkelsteinthompson.com. Attorney advertising. Prior
results do not guarantee similar outcomes.
Finkelstein Thompson LLPRosalee B. C. Thomas, 877-337-1050
Pacer International, Inc. (MM) (NASDAQ:PACR)
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