Oct 2023
Conyers lawyers Sophia Greaves and Andrew Barnes provide Bermuda law advice and assistance to Textainer Group Holdings Limited (Textainer) on its definitive agreement to be acquired by US infrastructure investment firm Stonepeak.
Under the terms of the definitive agreement, which was unanimously approved by Textainer’s Board of Directors, Textainer common shareholders will receive $50.00 per share in cash, with the total value of the common shares equalling approximately $2.1 billion. The take private transaction represents an enterprise value of approximately US$7.4 billion, and is expected to close in the first quarter of 2024. Shortly after completion of the transaction, Textainer common shares will no longer be listed on the New York Stock Exchange and Johannesburg Stock Exchange.