The company will continue to operate under the Triton name, maintain its global presence, and be led by CEO Brian M. Sondey and its current executive leadership team.
“Today marks an exciting new chapter for Triton. This transaction provides significant value to our shareholders, and with the support and resources of Brookfield Infrastructure we will be even better positioned to build on our strong foundation as a leader in our industry,” Sondey said. “Brookfield Infrastructure is an ideal partner for Triton’s next phase of growth.”
In connection with the completion of the acquisition, as previously announced, Triton common shareholders were entitled to receive per share consideration equal in value to $68.50 in cash and 0.3895 BIPC class A exchangeable shares (BIPC Shares) based on the volume-weighted average sales price per BIPC Share on the New York Stock Exchange (NYSE) over the 10 consecutive trading days ending on Sept. 26, 2023. Following the completion of the acquisition, Triton’s common shares have ceased trading on the NYSE and will no longer be listed on any public market.
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