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Stock Market & Financial Investment News

News Breaks
January 22, 2013
05:59 EDTBOXSeaCube to be acquired by Ontario Teachers' Pension for $23 per share
Ontario Teachers' Pension Plan and SeaCube (BOX) announced laet Friday they have entered into an agreement by which Teachers' will acquire 100% of the shares of SeaCube. Under the terms of the agreement, SeaCube shareholders will receive $23.00 in cash per SeaCube common share, representing a 13.3% premium over the shares' closing price on January 18. The transaction has been unanimously approved by the board of directors of SeaCube, is expected to close in the first half of 2013 and is subject to customary closing conditions.
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