Interpool acquired by Fortress; stock ceases trading

By Lisa Kerner

Charlotte, N.C., July 19 - Fortress Investment Group LLC affiliate Chariot Acquisition Holdings LLC completed the acquisition of Interpool, Inc. first announced on April 20.

Interpool stockholders approved the deal at a special meeting on Wednesday. The company's stock ceased trading at the close of business on Thursday.

Under the merger agreement with the New York alternative asset management company, Interpool stockholders will receive $27.10 per share in a cash transaction valued at $2.4 billion.

Interpool also announced the successful completion of its tender offer and consent solicitation for its $230 million outstanding 6% senior notes due 2014. The tender offer ended on Thursday, according to a company news release.

Interpool, based in Princeton, N.J., supplies equipment and services to the transportation industry and leases intermodal container chassis and cargo containers.

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