by asormani
Ontario Teachers’ Pension Plan to Acquire SeaCube Container Leasing
Posted on: January 20, 2013 by asormaniNo Comments »
Ontario Teachers’ Pension Plan and SeaCube Container Leasing, Ltd. have entered into an agreement by which Teachers’ will acquire 100 percent of the shares of SeaCube, a container leasing company based in Park Ridge, New Jersey. Under the terms of the agreement, which is expected to close in the first half of 2013, SeaCube shareholders will receive $23.00 in cash per SeaCube common share. Reuters estimates the transaction value to be US$467 million.
