trending Market Intelligence /marketintelligence/en/news-insights/trending/mzNKP7-vDFvNzuFARl2uOQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

TAL International completes merger with Triton Container International

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


TAL International completes merger with Triton Container International

TALInternational Group Inc. and Triton Container International Ltd.have completedtheir combination toform Triton International Ltd.

Triton Container shareholders own approximately 55% of theequity of the combined company, and TAL International stockholders ownapproximately 45%. The newly formed company expects to achieve $40million in annual cost synergies.

TAL International common shares will cease trading on theNew York Stock Exchange prior to the opening of the market on July 13. TritonInternational will begin trading July 13 on the New York Stock Exchange.

In connection with the transaction, Helmut Kaspers andFrederic Lindeberg, who were members of the board of TAL International since2011 and 2005, respectively, have resigned.