Triton hits record high on $4.7 bln Brookfield Infrastructure deal

Triton International

12/04/2023 16:11

(Updates)
    ** Shares of transport equipment lease provider Triton International Ltd  TRTN.N  rise as
much as 32.5% to a record high of $83.52
    ** 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
    ** BIP shares are marginally down in morning trade
    ** TRTN up over 21% and BIP up 11.3% - YTD 

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