Independent journal on economy and transport policy
08:21 GMT+1
This page has been automatically translated by Original news
American group XPO Logistics will acquire the compatriot Pacer International
the transaction will have a value of 335 million dollars
January 7, 2014
Logistic group American XPO Logistics will acquire the compatriot Pacer International, society that work in the intermodal field and that logistic one. The transaction, that it will be capacity to term in according to trimester of 2014, previews that the shareholders of Pacer receive 6,0 dollars cash and 3,0 dollars in common stocks of the XPO Logistics for each of the common stocks of the Pacer in they possession, for a total fair market value of 335 million dollars and for a value of the enterprise pairs to 296 million dollars. After transaction XPO Logistics it will continue to being quoted to the Stock exchange of New York.
XPO Logistics has remembered that Pacer, society that are founded in 1997 and that it has about 950 dependent, work about 10% of all the American intermodal shipments and is the main operator of intermodal services between the USA and Mexico. In the period of 12 conclusosi months 30th November Pacer it has recorded revenues for 1,0 billion dollars.
"This transaction - the managing director of XPO Logistics has commented chairman and, Bradley Jacobs - will make of we the third main North American supplier of intermodal services, one of the segments of the logistics of the transports in more fast increase. Moreover we will be the greater supplier of intermodal services in the flourishing transboundary market with Mexico, where the increase is supported by the production near-shoring. We consider that this transaction will meaningfully increase immediately and our profits and will accelerate the increase of our group".
XPO Logistics has beyond 2.200 dependent. In the exercise anniversary the 2012 group has totaled revenues for 278,6 million dollars, with an increment of 57% regarding 177,1 million dollars in the exercise precedence.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Logistic group American XPO Logistics will acquire the compatriot Pacer International, society that work in the intermodal field and that logistic one. The transaction, that it will be capacity to term in according to trimester of 2014, previews that the shareholders of Pacer receive 6,0 dollars cash and 3,0 dollars in common stocks of the XPO Logistics for each of the common stocks of the Pacer in they possession, for a total fair market value of 335 million dollars and for a value of the enterprise pairs to 296 million dollars. After transaction XPO Logistics it will continue to being quoted to the Stock exchange of New York.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
