Fortress Investment Group Completes Acquisition of Interpool, Inc.
19 Julio 2007 - 2:28PM
Business Wire
Interpool, Inc. (NYSE: IPX) announced today the completion of the
acquisition of Interpool by Chariot Acquisition Holding LLC, a
company formed by certain private equity funds managed by
affiliates of Fortress Investment Group LLC, pursuant to the
previously announced definitive merger agreement entered into on
April 20, 2007. As a result of the merger, which was approved by
Interpool's stockholders at a special meeting on July 18, 2007,
Interpool's stockholders are entitled to receive $27.10 per share
in cash. As a result of the merger, Interpool's common stock will
cease trading as of the close of business today, July 19, 2007.
Interpool also announced the successful completion of its tender
offer and consent solicitation for $230 million aggregate principal
amount of its outstanding 6.00% Senior Notes due 2014. The tender
offer expired at 8:00 a.m., New York City time, on July 19, 2007.
All of the Notes were accepted for payment. Interpool expects that
payment for the Notes will be made on July 19, 2007. About
Interpool 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. About Fortress Fortress, founded in 1998, is a leading
global alternative asset manager with approximately $36 billion in
assets under management as of March 31, 2007. Fortress raises,
invests and manages private equity funds, hedge funds and publicly
traded alternative investment vehicles. Note: This press release
and other press releases and information can be viewed at
Interpool's website at www.interpool.com
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