|[January 06, 2014]
Law Offices of Howard G. Smith Announces Investigation of Pacer International
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating
potential claims against the Board of Directors of Pacer International
("Pacer" or the "Company") (NASDAQ:PACR) related to the proposed
acquisition of the Company by XPO. The transaction is valued at
approximately $278.23 million, or $9 per share.
This investigation concerns whether the Board of Directors of Pacer
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material infrmation to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $3.77 on January 18,
2011 to $9.14 on November 27, 2013.
If you are a shareholder of Pacer, if you have information or would like
to learn more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
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