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Textainer Group - TGH STOCK NEWS

Welcome to our dedicated page for Textainer Group news (Ticker: TGH), a resource for investors and traders seeking the latest updates and insights on Textainer Group stock.

Textainer Group Holdings Limited (TGH) is a global leader in intermodal container leasing, providing essential equipment for international shipping and supply chain operations. This news hub offers investors and industry professionals direct access to all official company announcements and market developments.

Find curated updates on earnings reports, strategic partnerships, fleet expansions, and industry leadership initiatives. Our repository ensures you stay informed about TGH's role in shaping global container logistics, from dry freight solutions to refrigerated unit deployments.

All content is sourced directly from Textainer's communications and verified financial disclosures. Bookmark this page for efficient tracking of operational milestones, container trading activities, and corporate governance updates impacting one of the world's largest lessors of intermodal equipment.

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Stonepeak completes acquisition of Textainer Group Holdings Limited, a major lessor of intermodal containers, aiming to enhance customer service and global growth.
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Textainer Group Holdings Limited (NYSE: TGH) completes acquisition by Stonepeak, delists from NYSE, and redeems Preference Shares.
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Textainer Group Holdings Limited (TGH) shareholders have approved the acquisition of Textainer by Stonepeak, with each common shareholder set to receive $50.00 per share. The acquisition will also involve the conversion and redemption of Textainer's preference shares. The transaction is expected to close within 120 days.
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Textainer Group Holdings Limited (NYSE: TGH) reported unaudited financial results for Q4 and full-year 2023. Despite a decrease in lease rental income, the company showed strong performance with increased fleet utilization and adjusted net income. The pending acquisition by Stonepeak and dividend declarations were notable highlights.
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Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) has announced a special meeting of shareholders to approve its acquisition by Stonepeak, a leading investment firm. The meeting is scheduled for February 22, 2024, and will be held in Bermuda. Shareholders entitled to vote consist of holders of Textainer’s common and preference shares listed on the NYSE and JSE.
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Valo Health, Inc (Valo) appoints Lisa P. Young, former Ernst & Young Senior Partner, as Chair of Audit Committee
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Textainer Group Holdings Limited (TGH) announced the expiration of the 30-day 'go-shop' period under the terms of the definitive agreement to be acquired by Stonepeak for $7.4 billion. The transaction is expected to close in the first quarter of 2024, making Textainer a private company.
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Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) reported financial results for Q3 2023. Total lease rental income was $192.5 million, gain on sale of owned fleet containers was $5.2 million, and income from operations was $92.2 million. Net income attributable to common shareholders was $44.7 million, with a diluted EPS of $1.07. Adjusted net income was $45.4 million, with an adjusted diluted EPS of $1.08. Adjusted EBITDA was $160.5 million. Average fleet utilization was 99.0%. Textainer announced an agreement to be acquired by Stonepeak and has suspended its share repurchase program. Cash dividends were declared for preferred and common shares.
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Textainer Group Holdings will release its Q3 2023 financial results on November 2, 2023. The company has entered into a definitive agreement to be acquired by Stonepeak.
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Textainer Group Holdings Limited has entered into a definitive agreement to be acquired by Stonepeak. Shareholders will receive $50.00 per share in cash, totaling approximately $2.1 billion. The purchase price represents a premium of approximately 46% over Textainer's closing share price on October 20, 2023.
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Textainer Group

NYSE:TGH

TGH Rankings

TGH Stock Data

2.07B
40.46M
2.21%
83.22%
4.54%
Rental & Leasing Services
Industrials
Link
Bermuda
Hamilton