The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Pacer International, Inc. (“Pacer” or the “Company”) (NASDAQ: PACR) and other violations of state law by the board of directors of Pacer relating to the proposed buyout of the Company by XPO Logistics, Inc. (“XPO”). The firm’s investigation seeks to determine, among other things, whether the board of directors of Pacer breached their fiduciary duties by failing to maximize shareholder value. According to the press release announcing the proposed buyout, for each share of Pacer common stock they own, Pacer shareholders will receive $6.00 in cash and $3.00 of XPO common stock, subject to a price collar. According to Yahoo! Finance, as recently as November 29, 2013, Pacer common stock traded as high as $9.23 per share and at least one analyst following Pacer has set a target price of $10.00 per share. If you currently own common stock of Pacer and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
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