Triton up on $4.7 bln take-private deal from Brookfield Infrastructure

Brookfield Infrastructure Partners LP

12/04/2023 12:34

** Shares of transport equipment lease provider Triton
International Ltd  TRTN.N  up 28% at $80.65 premarket
    ** Co says it will be taken private by Brookfield
Infrastructure Partners L.P.  BIP.N  in a $4.7 bln
cash-and-stock deal
    ** Brookfield will pay $85 per share to Triton shareholders
of which $68.50 will be in cash and $16.50 in BIP shares 
    ** Including debt, the deal is valued at $13.3 bln
    ** Shares of BIP down slightly in premarket trade
    ** Up to Tuesday's close, TRTN was down 8.4% YTD while BIP
was up nearly 12%

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))