Market Overview

XPO Logistics to Acquire Pacer International in Cash, Stock Deal Worth $335M

Share:
Related XPO
Fast Money Picks For April 10
5 NYSE Services Stocks With The Highest EPS Growth Forecast For Next Year

XPO Logistics (NYSE: XPO) and Pacer International (NASDAQ: PACR) today announced that they have entered into a definitive agreement for XPO Logistics to acquire Pacer, the third largest provider of intermodal transportation services in North America. The combined company will continue to trade on the New York Stock Exchange under the symbol XPO. Under the terms of the proposed transaction, shareholders of Pacer will receive $6.00 in cash and $3.00 of XPO Logistics common stock for each share of Pacer common stock, subject to a price collar, for a total market value of $335 million and a

See full press release

Posted-In: News Guidance Contracts Asset Sales Legal Management M&A Global

 

Related Articles (PACR + URI)

Around the Web, We're Loving...