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)
Pacer International, Inc., along with its subsidiaries, is an asset-light transportation and logistics services provider. The Company's operating segment include; Intermodal and Logistics.
Industry: Air Delivery & Freight Services
Country: United States
Other News & PR