INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of PACER
INTERNATIONAL, INC. and Its Board of Directors In Relation to the Sale of the
Company to XPO Logistics, Inc. -- PACR
NEW YORK, Jan. 8, 2014
NEW YORK, Jan.8, 2014 /PRNewswire/ --Levi & Korsinsky is investigating the
Board of Directors of Pacer International, Inc. ("Pacer" or the "Company")
(Nasdaq: PACR) for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to XPO Logistics, Inc.
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )
Click here to learn more about the action
http://zlk.9nl.com/pacer-international-pacr, or call: 877-363-5972. There is
no cost or obligation to you.
Under the terms of transaction, Pacer shareholders will receive $6.00 in cash
and $3.00 of XPO Logistics, Inc. common stock for each share of Pacer stock
they own. The investigation concerns whether the Pacer Board of Directors
breached their fiduciary duties to stockholders by failing to adequately shop
the Company before agreeing to enter into this transaction, and whether XPO
Logistics, Inc. is underpaying for Pacer shares. In particular, at least one
analyst set a price target for Pacer stock at $10.00 per share.
If you own Pacer common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut and Washington D.C. The firm's 26 attorneys have extensive
expertise in prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP
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