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.