Pacer International Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Acquisition by XPO ...
06 Janeiro 2014 - 5:58PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Pacer International, Inc. (“Pacer”) (NasdaqGS: PACR)
related to the proposed acquisition by XPO Logistics, Inc. for
shareholders. Under the terms of the transaction valued at
approximately $335 million, Pacer shareholders will only receive
$6.00 in cash and $3.00 of XPO Logistics common stock for each
Pacer share owned, pursuant to a price collar, well below at least
one analysts estimated value of $10.00 per share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor
LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The Pacer investigation centers on whether Pacer’s Board of
Directors is acting in the shareholders’ best interests, whether
the board is properly considering the proposed price for the
shareholders, and whether the board has employed an adequate
process to review and act on the proposed transaction. Notably, at
least one analyst with Yahoo! Finance has estimated that the true
inherent value of the company may be as high as $10.00 per
share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPZach
Groover, 877-728-9607shareholder@powerstaylor.com
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