Major shipping container company strikes deal

Major shipping container company strikes deal


Updated October 22, 2023 at 8:57 p.m. ET

Infrastructure investor Stonepeak has reached a deal to buy shipping container lessor Textainer for more than $2 billion.

Textainer investors will receive $50 per share in cash, valuing the company at approximately $2.1 billion. Including Textainer’s debt, the transaction is worth approximately $7.4 billion.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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