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Under the terms of the definitive agreement, which was unanimously approved by the Textainer Board of Directors, Textainer common shareholders will receive $50.00 per share in cash, with the total value of the common shares equaling approximately $2.1 billion. This transaction represents an enterprise value of approximately $7.4 billion.
The purchase price represents a premium of approximately 46% over Textainer's closing share price on October 20, 2023, the last full trading day prior to the transaction announcement.
The per share consideration paid to shareholders on the JSE will be in South African Rand at an exchange rate established in accordance with the merger agreement.
Posted In: TGH
