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Textainer Group Holdings Limited - $TGH STOCK NEWS

Welcome to our dedicated page for Textainer Group Holdings news (Ticker: $TGH), a resource for investors and traders seeking the latest updates and insights on Textainer Group Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Textainer Group Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Textainer Group Holdings's position in the market.

News
Stonepeak Completes Acquisition of Textainer
Rhea-AI Summary
Stonepeak completes acquisition of Textainer Group Holdings Limited, a major lessor of intermodal containers, aiming to enhance customer service and global growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-100%
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acquisition
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News
Textainer Closes Acquisition by Stonepeak and Announces Post-Acquisition Redemption of All Preference Shares and Related Depositary Shares
Rhea-AI Summary
Textainer Group Holdings Limited (NYSE: TGH) completes acquisition by Stonepeak, delists from NYSE, and redeems Preference Shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-100%
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acquisition
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News
Textainer Announces Shareholder Approval of Its Pending Acquisition by Stonepeak and Receipt of Required Antitrust Approvals
Rhea-AI Summary
Textainer Group Holdings Limited (TGH) shareholders have approved the acquisition of Textainer by Stonepeak, with each common shareholder set to receive $50.00 per share. The acquisition will also involve the conversion and redemption of Textainer's preference shares. The transaction is expected to close within 120 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
acquisition
News
Textainer Group Holdings Limited Reports Fourth-Quarter and Full-Year 2023 Results and Declares Dividend
Rhea-AI Summary
Textainer Group Holdings Limited (NYSE: TGH) reported unaudited financial results for Q4 and full-year 2023. Despite a decrease in lease rental income, the company showed strong performance with increased fleet utilization and adjusted net income. The pending acquisition by Stonepeak and dividend declarations were notable highlights.
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dividends earnings
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Textainer Announces Date Of Special Meeting And Publication Of Its Proxy Statement To Approve Acquisition By Stonepeak
Rhea-AI Summary
Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) has announced a special meeting of shareholders to approve its acquisition by Stonepeak, a leading investment firm. The meeting is scheduled for February 22, 2024, and will be held in Bermuda. Shareholders entitled to vote consist of holders of Textainer’s common and preference shares listed on the NYSE and JSE.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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acquisition
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News
Lisa P. Young Appointed to Valo's Board of Directors
Rhea-AI Summary
Valo Health, Inc (Valo) appoints Lisa P. Young, former Ernst & Young Senior Partner, as Chair of Audit Committee
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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management
News
Textainer Announces Expiration of “Go-Shop” Period
Rhea-AI Summary
Textainer Group Holdings Limited (TGH) announced the expiration of the 30-day 'go-shop' period under the terms of the definitive agreement to be acquired by Stonepeak for $7.4 billion. The transaction is expected to close in the first quarter of 2024, making Textainer a private company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
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none
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News
Textainer Group Holdings Limited Reports Third-Quarter 2023 Results and Declares Dividend
Rhea-AI Summary
Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) reported financial results for Q3 2023. Total lease rental income was $192.5 million, gain on sale of owned fleet containers was $5.2 million, and income from operations was $92.2 million. Net income attributable to common shareholders was $44.7 million, with a diluted EPS of $1.07. Adjusted net income was $45.4 million, with an adjusted diluted EPS of $1.08. Adjusted EBITDA was $160.5 million. Average fleet utilization was 99.0%. Textainer announced an agreement to be acquired by Stonepeak and has suspended its share repurchase program. Cash dividends were declared for preferred and common shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
dividends earnings
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Textainer Announces Date for the Third Quarter 2023 Earnings Release
Rhea-AI Summary
Textainer Group Holdings will release its Q3 2023 financial results on November 2, 2023. The company has entered into a definitive agreement to be acquired by Stonepeak.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
earnings
News
Textainer to be Acquired by Stonepeak for $7.4 Billion
Rhea-AI Summary
Textainer Group Holdings Limited has entered into a definitive agreement to be acquired by Stonepeak. Shareholders will receive $50.00 per share in cash, totaling approximately $2.1 billion. The purchase price represents a premium of approximately 46% over Textainer's closing share price on October 20, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
44.69%
Tags
acquisition
Stock TGH logo
Textainer Group Holdings Limited

NYSE:TGH

TGH Rankings

N/A Ranked by Market Cap
#283 Ranked by Stock Gains
N/A Ranked by Dividends

TGH Stock Data

2.07B
38.34M
2.21%
83.22%
4.54%
General Rental Centers
Real Estate and Rental and Leasing
Link
Bermuda
16 Par La Ville Road

About TGH

textainer has operated since 1979 and is the world's largest lessor of intermodal containers based on fleet size with a total of 2.0 million containers representing 3.0 million teu in our owned and managed fleet. we lease containers to more than 400 shipping lines and other lessees. our fleet consists of standard dry freight, dry freight specials, and refrigerated intermodal containers. we are one of the largest purchasers of new and used containers with annual capital expenditure often exceeding $1 billion. we believe we are also the largest seller of used containers, selling up to 100,000 containers per year to more than 1,100 customers. we provide our services via a network of 13 offices and 400 depots worldwide.