Release Date: 19 July 2007
Release ID: 1124
Interpool, Inc. (NYSE: IPX) announced today the completion of the acquisition of Interpool by Chariot Acquisition Holding LLC, a company formed by certain private equity funds managed by affiliates of Fortress Investment Group LLC, pursuant to the previously announced definitive merger agreement entered into on April 20, 2007. As a result of the merger, which was approved by Interpool's stockholders at a special meeting on July 18, 2007, Interpool's stockholders are entitled to receive $27.10 per share in cash.
As a result of the merger, Interpool's common stock will cease trading as of the close of business today, July 19, 2007.
Interpool also announced the successful completion of its tender offer and consent solicitation for $230 million aggregate principal amount of its outstanding 6.00% Senior Notes due 2014. The tender offer expired at 8:00 a.m., New York City time, on July 19, 2007. All of the Notes were accepted for payment. Interpool expects that payment for the Notes will be made on July 19, 2007.
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