TGH - Textainer Group Holdings Limited Trading At An Estimated 6.85% Yield-To-Close
2024-01-23 16:25:43 ET
Summary
- Textainer Group Holdings Limited is being acquired by private equity firm Stonepeak for $50 per share.
- A shareholder vote is scheduled for 02/22/2024, with a potential annualized return of ~6.85% if the deal closes by the end of February.
- Approval from the Chinese TFTC is still needed, but it is expected to be attained in Q1 2024.
Textainer Group Holdings Limited ( TGH ) is a container leasing company. Textainer leases these to shipping companies, logistics providers and the U.S. army. The company is being acquired by a private equity firm, Stonepeak, that specializes in "real assets," at $50 per share....
Textainer Group Holdings Limited Trading At An Estimated 6.85% Yield-To-Close