Fortress To Acquire Interpool

Fortress Investment Group has agreed to acquire Interpool Inc. (NYSE: IPX), a Princeton, N.J.-based suppliers of equipment and services to the transportation industry. The total deal is valued at approximately $2.4 billion (including assumed debt), with Interpool shareholders to receive $27.10 per share in cash. Interpool previously had received a $24 per share offer led by company chairman & CEO Martin Tuchman. Tuchman and other significant Interpool stockholders have agreed to vote their 40% ownership stake in favor of the Fortress agreement.