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XPO Logistics Inc to acquire Pacer International, Inc


Monday, 6 Jan 2014 06:00am EST 

XPO Logistics Inc:Says XPO Logistics Inc and Pacer International, Inc. have entered into a definitive agreement for XPO Logistics to acquire Pacer.Says the combined company will continue to trade on the New York Stock Exchange under the symbol XPO.Says under the terms of the transaction, Pacer will receive $6.00 in cash and $3.00 of XPO Logistics common stock for each share of Pacer common stock, for a total market value of $335 million and a total enterprise value of $296 million.Says the transaction is expected to close in the second quarter of 2014. 

Company Quote

36.27
0.22 +0.61%
17 Oct 2014