Buyout aimed at Interpool

Jan. 18, 2007
Martin Tuchman, chairman & CEO of intermodal chassis and container leasing firm Interpool, is attempting to buy out the company along with other Interpool stockholders

Martin Tuchman, chairman & CEO of intermodal chassis and container leasing firm Interpool, is attempting to buy out the company along with other Interpool stockholders and an investment fund affiliated with Fortis Merchant Banking, a division of European banking and insurance firm Fortis.

Tuchman and his backers are offering $24 per share in cash for those shares of Princeton, NJ-based Interpool they don’t already control— some 10.8 million of Interpool’s total of 29.3 million shares.

The company’s board said it has formed a special committee to review the offer, engaging independent legal counsel along with independent financial advisors.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...