Textainer soars on $2.1 bln go-private deal

Textainer group

23/10/2023 11:46

** Shares of container lessor Textainer  TGH.N  soar 42.5%
to $48.7 premarket after U.S. infrastructure investor Stonepeak
to take it private in a deal worth about $2.1 bln 
    ** Textainer shareholders to get $50/share in cash,
representing a premium of 46.41% to Friday close
    ** Deal has an enterprise value of ~$7.4 bln; TGH will no
longer be listed on the New York Stock Exchange and Johannesburg
Stock Exchange after the closing of the deal
    ** Stock closed at an over five-month low on Friday but
still up about 10% YTD

 (Reporting by Sruthi Shankar in Bengaluru)
 ((sruthi.shankar@thomsonreuters.com;))