Textainer Group Holdings

Textainer Closes Acquisition by Stonepeak and Announces Post-Acquisition Redemption of All Preference Shares and Related Depositary Shares

Retrieved on: 
Thursday, March 14, 2024
Certification, Exchange, Textainer Group Holdings, TGH, CUSIP, Acquisition, Series, Security (finance)

Also on March 14, 2024, after the closing of the acquisition, Textainer issued a notice of redemption for all its (i) 7.000% Series A Cumulative Redeemable Perpetual Preference Shares (the “Series A Preference Shares”) and the corresponding redemption of each depositary share representing a 1/1000th interest in each such share, CUSIP 88314W204 (NYSE: TGH PRA) (the “Series A Depositary Shares”), and (ii) 6.250% Series B Cumulative Redeemable Perpetual Preference Shares (the “Series B Preference Shares” and, collectively with the Series A Preference Shares, the “Preference Shares”) and the corresponding redemption of each depositary share representing a 1/1000th interest in each such share, CUSIP 88314W303 (NYSE: TGH PRB) (the “Series B Depositary Shares”).

Key Points: 
  • Also on March 14, 2024, after the closing of the acquisition, Textainer issued a notice of redemption for all its (i) 7.000% Series A Cumulative Redeemable Perpetual Preference Shares (the “Series A Preference Shares”) and the corresponding redemption of each depositary share representing a 1/1000th interest in each such share, CUSIP 88314W204 (NYSE: TGH PRA) (the “Series A Depositary Shares”), and (ii) 6.250% Series B Cumulative Redeemable Perpetual Preference Shares (the “Series B Preference Shares” and, collectively with the Series A Preference Shares, the “Preference Shares”) and the corresponding redemption of each depositary share representing a 1/1000th interest in each such share, CUSIP 88314W303 (NYSE: TGH PRB) (the “Series B Depositary Shares”).
  • The redemption date for the Preference Shares and corresponding depositary shares will be April 15, 2024 (the “Redemption Date”).
  • No dividends on the Preference Shares and depositary shares will accrue on or after the Redemption Date, nor will any interest accrue on amounts held to pay the redemption price.
  • Following the redemption of the Preference Shares and depositary shares, Textainer will request that the NYSE delist the depositary shares.

Textainer Announces Shareholder Approval of Its Pending Acquisition by Stonepeak and Receipt of Required Antitrust Approvals

Retrieved on: 
Friday, February 23, 2024
Acquisition, Nature, TGH, Textainer Group Holdings, Security (finance)

Upon closing the acquisition, Textainer’s common shareholders will have the right to receive $50.00 per common share in cash without interest and subject to any applicable withholding taxes.

Key Points: 
  • Upon closing the acquisition, Textainer’s common shareholders will have the right to receive $50.00 per common share in cash without interest and subject to any applicable withholding taxes.
  • Consequently, the depositary shares issued in respect of such preference shares will represent a 1/1000th interest in a corresponding preference share of the surviving company.
  • The redemption of preference shares of the surviving company will result in the corresponding redemption of the depositary shares issued in respect of the preference shares.
  • All required antitrust approvals that are conditions to closing the proposed transaction under the related merger agreement have been received and, subject to the satisfaction those conditions that by their nature are to be satisfied at the closing, the acquisition is currently anticipated to close on or about March 14, 2024.

Textainer Announces Date Of Special Meeting And Publication Of Its Proxy Statement To Approve Acquisition By Stonepeak

Retrieved on: 
Wednesday, January 17, 2024
Proxy, Special, African, Exhibit, Century House, Acquisition, TGH, Computershare, Textainer Group Holdings, Security (finance)

The Special Meeting is scheduled for February 22, 2024 at 1:30 p.m., Bermuda Time, at Textainer’s registered office at Century House, 16 Par-La-Ville Road, Hamilton HM 08, Bermuda.

Key Points: 
  • The Special Meeting is scheduled for February 22, 2024 at 1:30 p.m., Bermuda Time, at Textainer’s registered office at Century House, 16 Par-La-Ville Road, Hamilton HM 08, Bermuda.
  • On or about January 24, 2024, physical copies of the proxy statement and related proxy documents will be mailed or provided to Textainer shareholders as of the record date.
  • Subject to shareholder approval at the Special Meeting and timely receipt of required regulatory approvals, Textainer anticipates that the transaction will close in March 2024.
  • More information regarding the Special Meeting and the proposed acquisition by Stonepeak can be found in the proxy statement attached as Exhibit 99.1 of Textainer’s Report on Form 6-K furnished to the U.S. Securities and Exchange Commission at www.sec.gov on January 17, 2024.

Lisa P. Young Appointed to Valo's Board of Directors

Retrieved on: 
Thursday, January 4, 2024
Valo, Advancement, Culture, Columbus Museum, Philosophy, Audit committee, Ernst & Young, Business administration, TGH, Trustee, MD, Texas Tech University, Health, Textainer Group Holdings, Accounting, Artificial intelligence, Patient, Therapy, Management

BOSTON, Jan. 4, 2024 /PRNewswire/ -- Valo Health, Inc ("Valo"), a technology company focused on utilizing large scale data and artificial intelligence ("AI") driven computation to discover and develop therapeutics, today announced the appointment of Lisa P. Young to its Board of Directors and as the chair of its Audit Committee. Young is a seasoned board member and global business leader with over 36 years of cross-sector, international experience in public accounting and professional services.

Key Points: 
  • Young is a seasoned board member and global business leader with over 36 years of cross-sector, international experience in public accounting and professional services.
  • "I am honored to welcome Lisa to the Valo Board of Directors.
  • "I am thrilled to join Valo Health's board of directors and to chair its audit committee," said Young.
  • Young holds a Bachelor of Business Administration, Cum Laude, in Finance and Accounting from Texas Tech University, and is a certified public accountant.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TGH, CSTR, MIRO

Retrieved on: 
Thursday, November 23, 2023
Textainer Group Holdings, Sale, United Therapeutics, Nitenpyram, Fraud, Advertising, Old National Bank, Security (finance)

If you are a Textainer shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Textainer shareholder, click here to learn more about your rights and options .
  • If you are a CapStar shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CNSL, HES, TGH, OLK

Retrieved on: 
Saturday, November 18, 2023
Sale, NYSE, Thermo Fisher Scientific, Crown corporations of Canada, Advertising, Textainer Group Holdings, Fraud, Mindful Scientific Inc., Hess Corporation, Chevron Corporation, Consolidated Communications, Searchlight Capital, Security (finance)

If you are a Consolidated Communications shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Consolidated Communications shareholder, click here to learn more about your rights and options .
  • If you are a Hess shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TGH, CSTR, SRC

Retrieved on: 
Sunday, November 12, 2023
Sale, Fraud, Old National Bank, Nitenpyram, NYSE, Textainer Group Holdings, Realty Income, Advertising, Security (finance), Spirit

If you are a Textainer shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Textainer shareholder, click here to learn more about your rights and options .
  • If you are a CapStar shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FAZE, TGH, NM

Retrieved on: 
Saturday, November 4, 2023
Textainer Group Holdings, Sale, Fraud, Advertising, NYSE, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., FaZe Clan, Security (finance), Navios Maritime Holdings

If you are a FaZe shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a FaZe shareholder, click here to learn more about your rights and options .
  • If you are a Textainer shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Textainer Group Holdings Limited Reports Third-Quarter 2023 Results and Declares Dividend

Retrieved on: 
Thursday, November 2, 2023
Adjustment, TEU, Sale, Share repurchase, Acquisition, CEU, Bank, Security (finance), Video game, Textainer Group Holdings

CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry container.

Key Points: 
  • CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry container.
  • We believe this acquisition provides a compelling value for our shareholders, while also benefiting the Textainer business and our customers,” concluded Ghesquiere.
  • As previously announced on October 22, 2023, Textainer has entered into a definitive agreement under which Stonepeak will acquire all outstanding common shares of Textainer for $50.00 per share in cash.
  • In light of the pending transaction, Textainer will not hold an earnings conference call to discuss its third quarter results.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HES, OLK, FAZE, TGH

Retrieved on: 
Sunday, October 29, 2023
Textainer Group Holdings, Sale, NYSE, Hess Corporation, Hess, Fraud, Advertising, Mindful Scientific Inc., Thermo Fisher Scientific, FaZe Clan, Chevron Corporation, Security (finance)

If you are a Hess shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Hess shareholder, click here to learn more about your rights and options .
  • If you are an Olink shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.