Published on 13 Apr 2023 on Zacks via Yahoo Finance

Triton (TRTN) to be Sold for $13.3 Billion to Brookfield

Triton International Limited (TRTN) and Brookfield Infrastructure Partners L.P. (BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), declared a joint definitive agreement. Per the deal, Triton will be acquired in a cash and stock transaction by Brookfield at a total enterprise value of $13.3 billion.

Subject to customary closing conditions, which include approval by Triton's shareholders and receipt of required regulatory approvals, the deal is anticipated to be completed in the fourth quarter of 2023. The deal has been approved and recommended by Triton’s board of directors and by Brookfield Infrastructure.

Triton’s common shareholders will receive consideration valued at $85 per share, which includes $68.50 in cash and $16.50 in class A shares of BIPC.