Pacer International (PACR) 8.96 $PACR
XPO Logistics Completes Acquisition of Pacer International
Thomson Reuters ONE - Tue Apr 01, 6:00AM CDT
Becomes the third largest provider of intermodal services in North America and the leader in cross-border Mexico intermodal
Pacer International Shareholders Approve Merger with XPO Logistics
Business Wire - Thu Mar 27, 3:01PM CDT
Pacer International, Inc. ("Pacer"
(NASDAQ
ACR), the third largest provider of intermodal transportation services in North America, today announced that its shareholders have approved the acquisition of Pacer by XPO Logistics, Inc. ("XPO" (NYSE:XPO).
XPO Receives $415 Million Commitment for Amended Credit Facility
Thomson Reuters ONE - Tue Mar 25, 8:30AM CDT
GREENWICH, Conn. - March 25, 2014 - XPO Logistics, Inc. (NYSE: XPO) today announced that it has obtained bank commitments to amend its revolving loan credit facility (the "ABL facility" to increase the amount of financing capacity from $125 million to $415 million. The ABL facility is subject to customary conditions and the completion of the company's previously announced acquisition of Pacer International, Inc. The company expects to close on the ABL facility on or near April 1, 2014.
10-K: PACER INTERNATIONAL INC
Edgar Online - Wed Feb 26, 6:50AM CST
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-looking Statements This Annual Report on Form 10-K contains forward looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current estimates, expectations and projections about our future results, performance, prospects and opportunities. Forward-looking statements include, among other things, the information concerning our possible future consolidated results of operations, cash flows, debt levels, business and growth strategies, financing plans, our competitive position and the effects of competition, the projected growth of the industries in which we operate, and the benefits to be obtained from our cost reduction initiatives. In addition, forward-looking statements in this Annual Report on Form 10-K include information regarding our proposed acquisition by XPO, the potential effects of the pending acquisition on our business and operations prior to the consummation thereof, the effects on the Company if the acquisition is not consummated and information regarding the combined operations and business of XPO and Pacer following the acquisition if consummated. Forward-looking statements include all statements that are not historical facts and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "may," "should," "will," "would," "project" and similar expressions. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Important factors that could cause our actual results to differ materially from the results referred to in the forward-looking statements we make in this Annual Report on Form 10-K and in our press releases and investor conference call comments (including any forward looking statements regarding our projected revenues and/or earnings per share in 2014 or future periods) are discussed under "Item 1A. Risk Factors" and elsewhere in this Annual Report on Form 10-K and include: general economic and business conditions, including the current U.S. and global economic environment and the timing and strength of economic recovery in the U.S. and internationally; the effect of uncertainty surrounding the current economic environment on the transportation needs of our customers; industry trends, including changes in the costs of services from rail, ocean, motor and air transportation providers and equipment and capacity shortages or surpluses; network changes, lane closures, carrier consolidations and other reductions or inefficiencies in, or termination of, rail services; the termination, extension or replacement of contracts and rate agreements with our underlying rail carriers, changes in the terms of such contracts or rate agreements, the deterioration in our relationships with our rail carriers or adverse changes to the railroads' operating rules; our reliance on Union Pacific to provide us with, and to service and maintain, a substantial portion of the chassis and containers used in our business; our reliance on shipments and the significant percentage of our revenues and related operating profit from customers in or supplying the automotive industry and the effect that economic conditions can have on traffic from automotive industry customers; our success at growing our US-Mexico or other business to offset declines in revenue and margins for equipment and services under our cross-border agreement with Union Pacific;
XPO Logistics Announces Exercise of Underwriters' Option for 2,250,000 Shares of Common Stock
Thomson Reuters ONE - Tue Feb 11, 9:08AM CST
GREENWICH, Conn. - February 11, 2014 - XPO Logistics, Inc. ("XPO" (NYSE: XPO) today announced that the underwriters of its public offering of 15,000,000 shares of common stock, completed on February 5, 2014, have exercised their 30-day option in full to purchase an additional 2,250,000 shares of its common stock at a price of $25.00 per share less the underwriting discount. XPO received net proceeds of approximately $54.0 million from the exercise of the 30-day option, bringing the company's total net proceeds from the offering to approximately $414.0 million. XPO intends to use the net proceeds of the offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc. ("Pacer", to pay related fees and expenses and for general corporate purposes, which may include strategic acquisitions and the repayment or refinancing of outstanding indebtedness. If the Pacer acquisition is not completed, XPO will use the net proceeds of the offering for general corporate purposes.
XPO Logistics Announces Closing of $375 Million Public Offering of Common Stock
Thomson Reuters ONE - Wed Feb 05, 3:35PM CST
GREENWICH, Conn. - February 5, 2014 - XPO Logistics, Inc. ("XPO" (NYSE: XPO) today announced the closing of a registered underwritten public offering of 15,000,000 shares of its common stock at a price to the public of $25.00 per share. XPO has granted the underwriters in the offering a 30-day option to purchase up to an additional 2,250,000 shares of its common stock. XPO received approximately $360 million in net proceeds from the offering after underwriting discounts and estimated expenses of the offering. XPO intends to use the net proceeds of the offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc. ("Pacer", to pay related fees and expenses and for general corporate purposes, which may include strategic acquisitions and the repayment or refinancing of outstanding indebtedness. If the Pacer acquisition is not completed, XPO will use the net proceeds of the offering for general corporate purposes.
XPO Logistics Announces Common Stock Offering
Thomson Reuters ONE - Mon Jan 27, 3:02PM CST
GREENWICH, Conn. - January 27, 2014 - XPO Logistics, Inc. (NYSE: XPO) today announced that it has commenced an underwritten public offering of 15,000,000 shares of its common stock, subject to market and other conditions. XPO expects to grant the underwriters in the offering a 30-day option to purchase up to an additional 2,250,000 shares of its common stock. Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities and J.P. Morgan Securities LLC will act as joint book-running managers for the offering. XPO intends to use the net proceeds of this offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc. ("Pacer", to pay related fees and expenses and for general corporate purposes, which may include strategic acquisitions and the repayment or refinancing of outstanding indebtedness. If the Pacer acquisition is not completed, XPO will use all of the net proceeds of the offering for general corporate purposes.
United Parcel Hints at Weak 4Q - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jan 20, 2:40PM CST
United Parcel Services Inc. announced that a compressed peak season, an online shopping boom are going to hurt its fourth quarter 2013 profits.
Pacer International, Inc. Stockholders Encouraged to Contact Securities Law Firm about Takeover
PR Newswire - Fri Jan 17, 10:45AM CST
Securities lawyers at Deans & Lyons announce an investigation of the board of Pacer International, Inc. (NASDAQ: PACR) in connection with a buyout where shareholders will receive $6.00 in cash per share and $3.00 in XPO common stock. Concerned PACR investors are encouraged to contact attorney Hamilton Lindley at 877-819-8033 or hlindley@deanslyons.com about their rights and remedies.
INVESTOR ALERT -- PACER INTERNATIONAL, INC.: The Law Offices of Vincent Wong Investigates the Sale of Pacer International, Inc. to XPO Logistics, Inc. -- PACR
PR Newswire - Thu Jan 16, 1:48PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Pacer International, Inc. (Nasdaq: PACR) ("Pacer" in connection with the sale of the Company to XPO Logistics, Inc.
PACER INTERNATIONAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Business Wire - Thu Jan 16, 10:41AM CST
Rigrodsky & Long, P.A.:
Expeditors Retained at Neutral - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jan 14, 5:40PM CST
On Jan 10, 2014 we maintained our Neutral recommendation on Expeditors International
INVESTOR ALERT - PACER INTERNATIONAL, INC.: The Law Offices of Vincent Wong Investigates the Sale of Pacer International, Inc. to XPO Logistics, Inc.
Business Wire - Fri Jan 10, 12:27PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Pacer International, Inc. (NasdaqACR) ("Pacer" in connection with the sale of the Company to XPO Logistics, Inc.
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Pacer International, Inc. Stockholders
Business Wire - Fri Jan 10, 10:09AM CST
Kirby McInerney LLP is investigating potential claims against the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company" (NASDAQACR) concerning the proposed acquisition of the Company by XPO Logistics, Inc. ("XPO" (NYSE:XPO). Under the terms of the definitive merger agreement, Pacer stockholders will receive $6.00 in cash and $3.00 in XPO common stock for each share of Pacer owned, valuing the transaction at approximately $335 million.
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Pacer International, Inc.
Business Wire - Thu Jan 09, 5:04PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company" (Nasdaq: PACR) relating to the proposed acquisition by XPO Logistics, Inc. ("XPO" (NYSE: XPO).
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of PACER INTERNATIONAL, INC. and Its Board of Directors In Relation to the Sale of the Company to XPO Logistics, Inc. -- PACR
PR Newswire - Wed Jan 08, 1:13PM CST
Levi & Korsinsky is investigating the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company" (Nasdaq: PACR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to XPO Logistics, Inc.
Acquisition of Pacer International, Inc. by XPO Logistics, Inc. May Not Be in Shareholders' Best Interests
PR Newswire - Wed Jan 08, 11:55AM CST
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of Pacer International, Inc. (NASDAQ: PACR) by XPO Logistics, Inc. (NYSE: XPO). On January 6, 2014, the two companies announced the signing of a definitive agreement pursuant to which XPO Logistics will acquire Pacer for $6.00 per share in cash and a number of XPO Logistics common stock equal to $3.00 for each share of Pacer common stock, for a total consideration of $9.00.
XPO Logistics on Pace With Growth-by-Acquisition Strategy
Rich Duprey, The Motley Fool - Motley Fool - Tue Jan 07, 6:39PM CST
Another day, another acquisition by XPO Logistics . The transportation services specialist announced that it would acquire Pacer International for $335 million, a deal that would make it the third largest intermodal services providers in North...
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Pacer International, Inc. - PACR
PR Newswire - Tue Jan 07, 5:15PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company" (Nasdaq: PACR) relating to the proposed acquisition by XPO Logistics, Inc. ("XPO" (NYSE: XPO).
XPO Logistics Completes Acquisition of Pacer International
Thomson Reuters ONE - Tue Apr 01, 6:00AM CDT
Becomes the third largest provider of intermodal services in North America and the leader in cross-border Mexico intermodal
Pacer International Shareholders Approve Merger with XPO Logistics
Business Wire - Thu Mar 27, 3:01PM CDT
Pacer International, Inc. ("Pacer"
(NASDAQACR), the third largest provider of intermodal transportation services in North America, today announced that its shareholders have approved the acquisition of Pacer by XPO Logistics, Inc. ("XPO" (NYSE:XPO). XPO Receives $415 Million Commitment for Amended Credit Facility
Thomson Reuters ONE - Tue Mar 25, 8:30AM CDT
GREENWICH, Conn. - March 25, 2014 - XPO Logistics, Inc. (NYSE: XPO) today announced that it has obtained bank commitments to amend its revolving loan credit facility (the "ABL facility"
to increase the amount of financing capacity from $125 million to $415 million. The ABL facility is subject to customary conditions and the completion of the company's previously announced acquisition of Pacer International, Inc. The company expects to close on the ABL facility on or near April 1, 2014. 10-K: PACER INTERNATIONAL INC
Edgar Online - Wed Feb 26, 6:50AM CST
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-looking Statements This Annual Report on Form 10-K contains forward looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current estimates, expectations and projections about our future results, performance, prospects and opportunities. Forward-looking statements include, among other things, the information concerning our possible future consolidated results of operations, cash flows, debt levels, business and growth strategies, financing plans, our competitive position and the effects of competition, the projected growth of the industries in which we operate, and the benefits to be obtained from our cost reduction initiatives. In addition, forward-looking statements in this Annual Report on Form 10-K include information regarding our proposed acquisition by XPO, the potential effects of the pending acquisition on our business and operations prior to the consummation thereof, the effects on the Company if the acquisition is not consummated and information regarding the combined operations and business of XPO and Pacer following the acquisition if consummated. Forward-looking statements include all statements that are not historical facts and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "may," "should," "will," "would," "project" and similar expressions. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Important factors that could cause our actual results to differ materially from the results referred to in the forward-looking statements we make in this Annual Report on Form 10-K and in our press releases and investor conference call comments (including any forward looking statements regarding our projected revenues and/or earnings per share in 2014 or future periods) are discussed under "Item 1A. Risk Factors" and elsewhere in this Annual Report on Form 10-K and include: general economic and business conditions, including the current U.S. and global economic environment and the timing and strength of economic recovery in the U.S. and internationally; the effect of uncertainty surrounding the current economic environment on the transportation needs of our customers; industry trends, including changes in the costs of services from rail, ocean, motor and air transportation providers and equipment and capacity shortages or surpluses; network changes, lane closures, carrier consolidations and other reductions or inefficiencies in, or termination of, rail services; the termination, extension or replacement of contracts and rate agreements with our underlying rail carriers, changes in the terms of such contracts or rate agreements, the deterioration in our relationships with our rail carriers or adverse changes to the railroads' operating rules; our reliance on Union Pacific to provide us with, and to service and maintain, a substantial portion of the chassis and containers used in our business; our reliance on shipments and the significant percentage of our revenues and related operating profit from customers in or supplying the automotive industry and the effect that economic conditions can have on traffic from automotive industry customers; our success at growing our US-Mexico or other business to offset declines in revenue and margins for equipment and services under our cross-border agreement with Union Pacific;
XPO Logistics Announces Exercise of Underwriters' Option for 2,250,000 Shares of Common Stock
Thomson Reuters ONE - Tue Feb 11, 9:08AM CST
GREENWICH, Conn. - February 11, 2014 - XPO Logistics, Inc. ("XPO"
(NYSE: XPO) today announced that the underwriters of its public offering of 15,000,000 shares of common stock, completed on February 5, 2014, have exercised their 30-day option in full to purchase an additional 2,250,000 shares of its common stock at a price of $25.00 per share less the underwriting discount. XPO received net proceeds of approximately $54.0 million from the exercise of the 30-day option, bringing the company's total net proceeds from the offering to approximately $414.0 million. XPO intends to use the net proceeds of the offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc. ("Pacer", to pay related fees and expenses and for general corporate purposes, which may include strategic acquisitions and the repayment or refinancing of outstanding indebtedness. If the Pacer acquisition is not completed, XPO will use the net proceeds of the offering for general corporate purposes. XPO Logistics Announces Closing of $375 Million Public Offering of Common Stock
Thomson Reuters ONE - Wed Feb 05, 3:35PM CST
GREENWICH, Conn. - February 5, 2014 - XPO Logistics, Inc. ("XPO"
(NYSE: XPO) today announced the closing of a registered underwritten public offering of 15,000,000 shares of its common stock at a price to the public of $25.00 per share. XPO has granted the underwriters in the offering a 30-day option to purchase up to an additional 2,250,000 shares of its common stock. XPO received approximately $360 million in net proceeds from the offering after underwriting discounts and estimated expenses of the offering. XPO intends to use the net proceeds of the offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc. ("Pacer", to pay related fees and expenses and for general corporate purposes, which may include strategic acquisitions and the repayment or refinancing of outstanding indebtedness. If the Pacer acquisition is not completed, XPO will use the net proceeds of the offering for general corporate purposes. XPO Logistics Announces Common Stock Offering
Thomson Reuters ONE - Mon Jan 27, 3:02PM CST
GREENWICH, Conn. - January 27, 2014 - XPO Logistics, Inc. (NYSE: XPO) today announced that it has commenced an underwritten public offering of 15,000,000 shares of its common stock, subject to market and other conditions. XPO expects to grant the underwriters in the offering a 30-day option to purchase up to an additional 2,250,000 shares of its common stock. Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities and J.P. Morgan Securities LLC will act as joint book-running managers for the offering. XPO intends to use the net proceeds of this offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc. ("Pacer"
, to pay related fees and expenses and for general corporate purposes, which may include strategic acquisitions and the repayment or refinancing of outstanding indebtedness. If the Pacer acquisition is not completed, XPO will use all of the net proceeds of the offering for general corporate purposes. United Parcel Hints at Weak 4Q - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jan 20, 2:40PM CST
United Parcel Services Inc. announced that a compressed peak season, an online shopping boom are going to hurt its fourth quarter 2013 profits.
Pacer International, Inc. Stockholders Encouraged to Contact Securities Law Firm about Takeover
PR Newswire - Fri Jan 17, 10:45AM CST
Securities lawyers at Deans & Lyons announce an investigation of the board of Pacer International, Inc. (NASDAQ: PACR) in connection with a buyout where shareholders will receive $6.00 in cash per share and $3.00 in XPO common stock. Concerned PACR investors are encouraged to contact attorney Hamilton Lindley at 877-819-8033 or hlindley@deanslyons.com about their rights and remedies.
INVESTOR ALERT -- PACER INTERNATIONAL, INC.: The Law Offices of Vincent Wong Investigates the Sale of Pacer International, Inc. to XPO Logistics, Inc. -- PACR
PR Newswire - Thu Jan 16, 1:48PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Pacer International, Inc. (Nasdaq: PACR) ("Pacer"
in connection with the sale of the Company to XPO Logistics, Inc. PACER INTERNATIONAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Business Wire - Thu Jan 16, 10:41AM CST
Rigrodsky & Long, P.A.:
Expeditors Retained at Neutral - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jan 14, 5:40PM CST
On Jan 10, 2014 we maintained our Neutral recommendation on Expeditors International
INVESTOR ALERT - PACER INTERNATIONAL, INC.: The Law Offices of Vincent Wong Investigates the Sale of Pacer International, Inc. to XPO Logistics, Inc.
Business Wire - Fri Jan 10, 12:27PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Pacer International, Inc. (Nasdaq
ACR) ("Pacer" in connection with the sale of the Company to XPO Logistics, Inc. Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Pacer International, Inc. Stockholders
Business Wire - Fri Jan 10, 10:09AM CST
Kirby McInerney LLP is investigating potential claims against the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company"
(NASDAQACR) concerning the proposed acquisition of the Company by XPO Logistics, Inc. ("XPO" (NYSE:XPO). Under the terms of the definitive merger agreement, Pacer stockholders will receive $6.00 in cash and $3.00 in XPO common stock for each share of Pacer owned, valuing the transaction at approximately $335 million. SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Pacer International, Inc.
Business Wire - Thu Jan 09, 5:04PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company"
(Nasdaq: PACR) relating to the proposed acquisition by XPO Logistics, Inc. ("XPO" (NYSE: XPO). INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of PACER INTERNATIONAL, INC. and Its Board of Directors In Relation to the Sale of the Company to XPO Logistics, Inc. -- PACR
PR Newswire - Wed Jan 08, 1:13PM CST
Levi & Korsinsky is investigating the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company"
(Nasdaq: PACR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to XPO Logistics, Inc. Acquisition of Pacer International, Inc. by XPO Logistics, Inc. May Not Be in Shareholders' Best Interests
PR Newswire - Wed Jan 08, 11:55AM CST
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of Pacer International, Inc. (NASDAQ: PACR) by XPO Logistics, Inc. (NYSE: XPO). On January 6, 2014, the two companies announced the signing of a definitive agreement pursuant to which XPO Logistics will acquire Pacer for $6.00 per share in cash and a number of XPO Logistics common stock equal to $3.00 for each share of Pacer common stock, for a total consideration of $9.00.
XPO Logistics on Pace With Growth-by-Acquisition Strategy
Rich Duprey, The Motley Fool - Motley Fool - Tue Jan 07, 6:39PM CST
Another day, another acquisition by XPO Logistics . The transportation services specialist announced that it would acquire Pacer International for $335 million, a deal that would make it the third largest intermodal services providers in North...
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Pacer International, Inc. - PACR
PR Newswire - Tue Jan 07, 5:15PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Pacer International, Inc. ("Pacer" or the "Company"
(Nasdaq: PACR) relating to the proposed acquisition by XPO Logistics, Inc. ("XPO" (NYSE: XPO). 
