Reported Late Sunday, Textainer Agreed To Be Acquired By Stonepeak For $7.4B
Portfolio Pulse from Benzinga Newsdesk
Textainer has agreed to be acquired by Stonepeak for $7.4 billion. Under the agreement, Textainer shareholders will receive $50.00 per share in cash, a premium of approximately 46% over Textainer's closing share price on October 20, 2023. The total value of the common shares equals approximately $2.1 billion.
October 23, 2023 | 5:53 am
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Textainer's acquisition by Stonepeak at a premium could lead to a short-term increase in its stock price.
The acquisition price is significantly higher than Textainer's recent closing price, which could lead to increased demand for the stock and a corresponding rise in its price. However, the final impact will depend on market reaction to the news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100