Brief: Textainer To Be Acquired By Stonepeak For $7.4 Billion

Textainer group

23/10/2023 01:05

Oct 22 (Reuters) - Textainer Group Holdings Ltd  TGH.N :
    * TEXTAINER TO BE ACQUIRED BY STONEPEAK FOR $7.4 BILLION
    * TEXTAINER COMMON SHAREHOLDERS WILL RECEIVE $50.00 PER
SHARE IN
CASH
    * TEXTAINER GROUP - DEAL REPRESENTS AN ENTERPRISE VALUE OF
APPROXIMATELY $7.4 BILLION
    * TEXTAINER GROUP- COMMON SHAREHOLDERS WILL RECEIVE $50.00
PER
SHARE IN CASH, WITH TOTAL VALUE OF COMMON SHARES EQUALING
APPROXIMATELY $2.1 BILLION
    * WILL CONTINUE TO BE LED BY ITS PRESIDENT AND CEO, OLIVIER
GHESQUIERE
    * WILL CONTINUE TO BE HEADQUARTERED IN HAMILTON, BERMUDA
    * TEXTAINER WILL BECOME A PRIVATELY HELD COMPANY
    * TEXTAINER COMMON SHARES WILL NO LONGER BE LISTED ON NEW
YORK
STOCK EXCHANGE AND JOHANNESBURG STOCK EXCHANGE

Source text for Eikon:  ID:nGNX68WV16 
Further company coverage:  TGH.N 

 ((Reuters.Briefs@thomsonreuters.com;))