• Buyout aimed at Interpool

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

    Sign up for our free eNewsletters

    Latest from Operations

    Yevheniia Ryzhova | Dreamstime.com
    Why Clear Communication is Key to Retaining Happy, Motivated Drivers
    Drivers want to be seen. Supported. Heard. And they can tell when it’s genuine and when it’s just for show.
    Oxy
    Occidental Chemical, known as OxyChem, produces indispensable chemicals internationally. This small private fleet covers about 2.5 million miles annually, delivering products to customers across the U.S.
    Members Only
    Leadership and training turned this chemical bulk hauler into one of the safest fleets in the U.S. Intensive training and experience pay off for Oxy's Occidental Chemical transportation...
    249455233 | Siwakorn Klomwinyarn | Dreamstime.com
    trucking internal promotions
    By recognizing and developing your internal talent today, you lay the foundation for stronger, smarter fleet operations tomorrow.