Mitsubishi HC Capital to buy CAI International for $2.9 billion

Mitsubishi HC Capital

18/06/2021 01:01

June 17 (Reuters) - Transportation finance and logistics
company CAI International Inc  CAI.N  said on Thursday it has
entered into a definitive agreement to be acquired by Mitsubishi
HC Capital Inc  8593.T  for an enterprise value of $2.9 billion.
    Mitsubishi HC Capital will acquire all of CAI's outstanding
and fully diluted common stock in an all-cash transaction at
$56.00 per share, according to the company's statement https://refini.tv/3xtc0hv.
 
    The Board of Directors of CAI has also unanimously voted to
promote Timothy Page from interim president and chief executive
officer to president and CEO, the company said. 

 (Reporting by Akriti Sharma in Bengaluru; editing by
Uttaresh.V)
 ((Akriti.Sharma@thomsonreuters.com;))