• Jan. 6, 2014, 7:42 AM
    • XPO Logistics (XPO) has agreed to acquire Pacer International (PACR +3.2%) for $335M in cash and stock, well above the latter's market cap of $294.3M at the close of trade on Friday.
    • Pacer is North America's third-largest provider of intermodal services, which move goods in containers between different forms of transport such as truck, train and ship.
    • XPO expects the acquisition to double its annual revenues to around $2B. (PR)
    Jan. 6, 2014, 7:42 AM