PACER INTERNATIONAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A.
Announces Investigation Of Buyout
WILMINGTON, Del. -- January 7, 2014
Rigrodsky & Long, P.A.:
*Do you own shares of Pacer International, Inc. (NASDAQ GS: PACR)?
*Did you purchase any of your shares prior to January 6, 2014?
*Do you think the proposed buyout price is too low?
*Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Pacer International, Inc. (“Pacer” or
the “Company”) (NASDAQ GS: PACR) regarding possible breaches of fiduciary
duties and other violations of law related to the Company’s entry into an
agreement to be acquired by XPO Logistics, Inc. (“XPO”) (NYSE: XPO), in a
transaction valued at approximately $335 million.
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Under the terms of the agreement, public shareholders of Pacer will receive
$6.00 in cash and $3.00 worth of XPO common stock for each share of Pacer they
The investigation concerns whether Pacer’s board of directors failed to
adequately shop the Company and obtain the best possible value for Pacer’s
shareholders before entering into an agreement with XPO. According to Yahoo!
Finance, at least one analyst has issued a price target for Pacer stock at
$10.00 per share.
If you own the common stock of Pacer and purchased your shares before January
6, 2014, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky &
Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530,
by telephone at (888) 969-4242; by e-mail to email@example.com, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
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