Pacer International, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by XPO Logistics, Inc.
January 06, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Pacer International, Inc. (“Pacer” or the “Company”) (NASDAQ: PACR) breached its fiduciary duty to its shareholders in agreeing to sell Pacer to XPO Logistics, Inc. (NYSE: XPO).
Under the terms of the agreement, Pacer shareholders will receive $6.00 in cash and $3.00 of XPO Logistics, Inc. common stock for each share they own. The investigation is focused on the potential unfairness of the price to Pacer shareholders and the process by which the Pacer Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eleven years.