PACER INTERNATIONAL INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Pacer International, Inc. (PACR) Over the Proposed Sale of the Company to XPO Logistics (XPO)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pacer International, Inc. (“Pacer” or the “Company”) (NASDAQ: PACR) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to XPO Logistics in a cash and stock deal valued at approximately $335 million. Under the terms of the proposed transaction, Pacer stockholders will receive $6.00 in cash and $3.00 of XPO Logistics common stock for each share of Pacer common stock they own. According to Yahoo! Finance, at least one analyst has set a price target of $10.00 for the Company.
The investigation focuses on whether Pacer’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Pacer’s shareholders.
If you own common stock in Pacer International, Inc. and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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