Pacer International, Inc Merger Litigation (Nasdaq: PACR)

SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Pacer International, Inc. - PACR 
 
BALA CYNWYD, January 7, 2014 /PR Newswire/ –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-News) relating to the proposed acquisition by XPO Logistics, Inc. (“XPO”) (NYSE – XPO). 
 
Click here to learn more about the investigation, 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, 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.  

To Join the Pacer International, Inc Litigation

  1. Fill out this form





    Security check (Required): What is the letter at position 4 in this word: legal

    By clicking on the submit button, I acknowledge that I have downloaded and read both the Merger Class Action Lawsuit Retainer Agreement and Class Representative Rights and Responsibilities documents, and agree to retain Brodsky & Smith, LLC to file an action against Pacer International, Inc in connection with this case. Brodsky & Smith, LLC will prosecute the action on a contingent fee basis and will advance all costs and expenses.

View Complaint

The complaint is unavailable at this time

Join Other Cases

Frequently Asked Questions


Website design, management and hosting by LegalGraphicArts.com