BALA CYNWYD, Pa., Jan. 7, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Pacer
International, Inc. ("Pacer" or the "Company") (Nasdaq: PACR)
relating to the proposed acquisition by XPO Logistics, Inc. ("XPO")
(NYSE: XPO).
Click here to learn more about the investigation
http://brodsky-smith.com/699-pacr-pacer-international-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, for each share of Pacer
common stock they own, Pacer shareholders will receive $6.00 in cash and $3.00 of XPO common stock, subject to a price
collar, for a total market value of $335
million. The investigation concerns possible breaches
of fiduciary duty and other violations of state law by the Board of
Directors of Pacer for not acting in the Company's shareholders'
best interests in connection with the sale process. The
investigation seeks to determine if Pacer's Board of Directors
failed to conduct an adequate auction process and as a result
harmed Pacer shareholders by undervaluing their Company. For
example, according to Yahoo! Finance, as recently as November 29, 2013, Pacer stock traded at
$9.23 per share and at least one
analyst has set a target price of $10.00 per share for Pacer.
If you own shares of Pacer common stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/699-pacr-pacer-international-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Law Office of Brodsky & Smith, LLC