M&A
confidence high
sentiment positive
materiality 0.95
Triton to be acquired by Brookfield Infrastructure in $13.3B take-private; $85/share (35% premium)
Triton International Ltd
- Total enterprise value ~$13.3B; common equity ~$4.7B; $85/share ($68.50 cash + $16.50 BIPC shares).
- 35% premium to Triton's April 11, 2023 closing price.
- Expected close Q4 2023; subject to Triton shareholder vote and regulatory approvals.
- Triton Board unanimously approved; Goldman Sachs financial advisor to Triton.
- Triton common shares to delist from NYSE; preferred shares remain outstanding.