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 jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/pacer-international-pacr.
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 similar outcomes.
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
www.zlk.com
SOURCE Levi & Korsinsky, LLP