Stonepeak Agrees to Buy Textainer in Deal Valued at $7.4 Billion

Stonepeak Partners has agreed to buy Textainer Group Holdings Ltd. in a deal that gives the container leasing firm an enterprise value of about $7.4 billion.

Textainer shareholders will receive $50 per share in cash, with the total value of the common shares equaling $2.1 billion, according to a statement Sunday. That represents a roughly 46% premium over the stock’s closing price of $34.15 on Friday.

Textainer has a fleet of intermodal containers with more than 4 million twenty-foot equivalent units of capacity, which it leases to the world’s leading shipping lines and other customers, according to the statement.

“Textainer ...