Big Shipping-Container Firm Strikes Deal - WSJ - The Wall Street Journal

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Textainer buys, manages and leases marine-cargo containers and is a longstanding supplier to the U.S. military, according to its website.Photo: Kiyoshi Ota/Bloomberg News

Infrastructure investor Stonepeak has struck a deal to purchase shipping-container lessor Textainer for more than $2 billion.

Textainer investors will receive $50 a share in cash, valuing the company at about $2.1 billion. Factoring in Textainer’s debt, the deal is worth about $7.4 billion.

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Big Shipping-Container Firm Strikes Deal - WSJ - The Wall Street Journal
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