SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation
of Pacer International, Inc. - PACR
BALA CYNWYD, Pa., Jan. 7, 2014
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")
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
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
firstname.lastname@example.org, 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
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