The shareholders of intermodal freight container lessor Triton International voted to approve the acquisition of the company by Brookfield Infrastructure Partners through its subsidiary, Brookfield Infrastructure Corporation, and its institutional partners at a special general meeting of shareholders.
“This is another important step forward for our transaction with Brookfield Infrastructure, and we are pleased to have received overwhelming support from Triton’s shareholders,” Brian M. Sondey, chairman and CEO of Triton, said. “We look forward to completing the transaction and marking the beginning of a new chapter for Triton.”
The transaction is expected to close in Q3.23, subject to the satisfaction or waiver of the remaining closing conditions, including clearance from the Committee on Foreign Investment in the United States (CFIUS). Upon closing, Triton’s common shares will be delisted from the New York Stock Exchange and will no longer be listed on any public market. As previously disclosed, Triton’s preference shares will remain outstanding immediately following the closing and such shareholders will remain entitled to the same dividends and other preferences and privileges that they currently have, with the preference share dividends remaining an obligation of Triton. Triton expects to continue paying normal quarterly dividends on these shares. Triton expects that the preference shares will continue to be listed on the NYSE immediately following the closing.
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