Pacer to buy back $60 million worth of common stock
The board of Concord, Calif.-based third-party logistics and freight transportation provider Pacer International Inc. has authorized the purchase of up to $60 million of its common stock.
This authorization ends June 15.
“Pacer intends to make purchases from time to time as market conditions warrant. The amount and timing of any repurchases will be at such prices as management of the company approves from time to time,” Nasdaq Stock Exchange-listed Pacer said.
Pacer to buy back $60 million worth of common stock
