Interpool, Inc. (NYSE: IPX) announced today that its stockholders voted at a special meeting of stockholders held this morning in Princeton to adopt and approve the previously announced merger agreement providing for the acquisition of Interpool by Chariot Acquisition Holding LLC, a company formed by private equity funds managed by affiliates of Fortress Investment Group LLC. Under the terms of the merger agreement, each outstanding share of Interpool's common stock (other than shares held in Interpool�s treasury, shares owned by Chariot Acquisition Holding LLC and shares held by stockholders who perfect appraisal rights in accordance with Delaware law) will be converted into the right to receive $27.10 in cash. Interpool stated that approximately 85% of Interpool�s total outstanding shares were voted for the approval and adoption of the merger agreement. Stockholder approval satisfies a required condition to the closing of the transaction. "We are pleased that Interpool�s stockholders overwhelmingly recognize the value of this merger," said Chairman and Chief Executive Officer Martin Tuchman. "We look forward to completing the transaction." Pending satisfaction of the other closing conditions under the merger agreement, the transaction is anticipated to close on or about July 19, 2007 and Interpool�s common stock will thereafter be delisted and cease trading. Interpool is one of the world�s leading suppliers of equipment and services to the transportation industry. It is the world�s largest lessor of intermodal container chassis and a world-leading lessor of cargo containers used in international trade. CAUTIONARY STATEMENTS This press release contains certain forward-looking statements regarding future circumstances. These forward-looking statements are subject to risk and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements, including in particular the risks and uncertainties described in Interpool�s SEC filings. The company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof. Note: This press release and other press releases and information can be viewed at Interpool�s website at www.interpool.com
Interpool (NYSE:IPX)
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