Interpool (NYSE:IPX)
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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