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Triton International Limited - TRTN STOCK NEWS

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

Triton International Limited (symbol: TRTN) is a leading global leasing company specializing in marine intermodal cargo containers. Established in 1980, Triton has become the largest owner-lessor of these containers worldwide. The company prides itself on its superior quality fleet, which includes dry van, refrigerated, flat rack, and open top equipment. Triton's fleet is recognized for being one of the youngest and most uniform in the industry.

Through its extensive network of regional service subsidiaries, agents, and depots, Triton offers unparalleled customer service. The company is committed to meeting the diverse needs of its clients by providing equipment in high-demand locations with flexible and competitive lease terms. Triton's experienced staff ensures the consistent availability and maintenance of its fleet, making it a reliable partner for businesses worldwide.

In addition to its core leasing operations, Triton is actively engaged in various projects aimed at expanding its market presence and enhancing service quality. The company's strategic partnerships and innovative solutions contribute to its robust financial condition and sustained growth. Triton's dedication to quality and customer satisfaction has earned it a selective lessee portfolio, further cementing its status as an industry leader.

For the latest updates and news about Triton International Limited, stay tuned to this page.

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Triton International announced key executive changes as part of its succession planning. John O'Callaghan, Executive VP and Global Head of Field Marketing and Operations, will retire from his current role on December 31, 2024, but will continue as Executive VP Director through 2026 and join the Board of Directors in 2025. Filip De Bruin, currently Senior VP of Marketing for Europe, Africa, and Middle East, will become Senior VP of Global Marketing and Field Operations on January 1, 2025, reporting to CEO Brian Sondey. De Bruin, a 30-year company veteran, will maintain his current customer relationships while expanding his oversight to global operations.

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Triton International completes acquisition by Brookfield Infrastructure Partners. Triton will continue to operate under its name and be led by CEO Brian M. Sondey. Triton common shareholders receive $68.50 in cash and 0.3895 BIPC class A exchangeable shares per share.
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Triton International Limited announces preliminary election results for pending acquisition by Brookfield Infrastructure Partners. Holders of Triton common shares elected to receive a specified mixture of cash and shares of BIPC equal to $68.50 per share in cash and $16.50 per share in BIPC shares. Final election results and Per Share Consideration Value will be determined after the closing of the Merger.
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Brookfield Infrastructure and Triton International announce regulatory approval for acquisition
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Triton shareholders approve acquisition by Brookfield Infrastructure Partners, closing expected in Q3 2023
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Triton International Limited (NYSE:TRTN) to Release Second Quarter 2023 Earnings; Acquisition by Brookfield Infrastructure
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Triton International Limited has set a date for the special general meeting of shareholders to approve the acquisition by Brookfield Infrastructure Partners. The transaction is expected to close in Q3 2023.
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Triton International Limited (NYSE: TRTN) has announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) for its proposed acquisition by Brookfield Infrastructure Partners L.P. (NYSE: BIP, TSX: BIP.UN). The expiration of the waiting period is a significant step towards the closing of the transaction, which is expected to occur in the fourth quarter of 2023, subject to approval by Triton's shareholders and other customary closing conditions.
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Triton International Limited (NYSE:TRTN) announced its first quarter 2023 earnings release scheduled for May 2, 2023. Notably, this release will not be accompanied by an earnings conference call due to the pending acquisition by Brookfield Infrastructure, as previously disclosed on April 12, 2023. Triton International is recognized as the world’s largest lessor of intermodal freight containers, managing a fleet exceeding 7 million twenty-foot equivalent units (TEU). The company's global operations encompass the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis.

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Triton International Limited (NYSE: TRTN) has announced its acquisition by Brookfield Infrastructure Partners (NYSE: BIP) in a cash and stock deal valued at approximately $4.7 billion. Under the terms, Triton shareholders will receive $85 per share, comprising $68.50 in cash and $16.50 in class A shares of Brookfield Infrastructure Corporation (NYSE: BIPC). This offer represents a 35% premium to Triton's closing share price on April 11, 2023. The transaction is expected to close in Q4 2023, pending shareholder and regulatory approval. Triton aims to maintain its current dividend until closing, and post-transaction, its shares will be delisted from the NYSE. Brookfield has expressed confidence that the acquisition will enhance Triton's operations and support its long-term growth.

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FAQ

What is the market cap of Triton International (TRTN)?

The market cap of Triton International (TRTN) is approximately 4.4B.

What does Triton International Limited do?

Triton International Limited is a global leasing company specializing in marine intermodal cargo containers.

When was Triton International Limited established?

Triton International Limited was established in 1980.

What types of containers does Triton lease?

Triton leases dry van, refrigerated, flat rack, and open top containers.

How is Triton's container fleet unique?

Triton's fleet is one of the youngest and most uniform in the industry, ensuring high quality and reliability.

Where does Triton operate?

Triton operates through a worldwide network of regional service subsidiaries, agents, and depots.

How does Triton support its clients?

Triton supports its clients with flexible and competitive lease terms, providing equipment in high-demand locations.

What is Triton's commitment to customer service?

Triton is committed to providing first-class customer service through its dedicated and experienced staff.

What projects is Triton currently involved in?

Triton is involved in projects aimed at expanding its market presence and enhancing service quality.

How does Triton ensure the quality of its fleet?

Triton ensures fleet quality through rigorous maintenance protocols and a commitment to superior design.

Where can I find the latest news about Triton?

You can find the latest news and updates about Triton International Limited on this page.

Triton International Limited

NYSE:TRTN

TRTN Rankings

TRTN Stock Data

4.38B
53.77M
2.38%
75.94%
3.26%
Rental & Leasing Services
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