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GlobeNewsWire
1 year ago
Textainer Announces Expiration of “Go-Shop” Period
HAMILTON, Bermuda and NEW YORK, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”), one of the world's largest lessors of intermodal containers, today announced the expiration of the 30-day “go-shop” period under the terms of the previously announced definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Under and subject to the terms of the agreement, Stonepeak will acquire Textainer for $50.00 per share in cash, representing an enterprise value of approximately $7.4 billion. The “go-shop” period expired at 12:01 a.m. Eastern Time on November 22, 2023.