Stonepeak to acquire shipping-container lessor Textainer for over $2 billion
Textainer investors will receive $50 a share in cash, representing a premium of 46.41% to Friday's close. The deal has an enterprise value of $7.4 billion, including debt.
Textainer said it plans to go private after the closing of the deal and that it will no longer be listed on the New York Stock Exchange and Johannesburg Stock Exchange. Bermuda-based Textainer is a lessor of intermodal containers with about 200 customers, according to its website. It has 14 offices and around 400 depots worldwide.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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