Stonepeak to Acquire Shipping Container Company Textainer – Merger Arbitrage Mondays
Key Highlights
- The acquisition of Textainer Group Holdings Limited (TGH) by Stonepeak in an all cash deal for $7.4 billion.
- Consolidated Communications Holdings (CNSL) and Olink Holding AB (OLK) acquired at premiums of over 40%.
- Broadcom’s (AVGO) acquisition of VMware (VMW) threatened by China but receives approval from South Korea.
Textainer Group Holdings Limited (TGH) $34.15
Market Cap: $1.41 billion
Enterprise Value: $6.85 billion
Infrastructure investor Stonepeak struck a deal to acquire Bermuda based shipping container lessor Textainer (TGH) in a $50 all cash deal. The deal has an enterprise value of $7.4 billion including debt.
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