Big Shipping-Container Firm Nears Sale

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Big Shipping-Container Firm Nears Sale
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Infrastructure investor Stonepeak plans to buy Textainer for $50 a share in cash

Oct. 22, 2023 7:15 pm ETTextainer buys, manages and leases marine-cargo containers and is a longstanding supplier to the U.S. military, according to its website.Infrastructure investor Stonepeak is close to a deal to purchase shipping-container lessor Textainer for more than $2 billion.

Textainer investors are expected to receive $50 a share in cash, valuing the company at about $2.1 billion, people familiar with the matter said. Factoring in Textainer’s debt, the deal is worth about $7.4 billion.Continue reading your article with

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