Ontario Teachers’ Pension Plan to Acquire SeaCube Container Leasing

Ontario Teachers' Pension Plan and SeaCube Container Leasing, Ltd. have entered into an agreement by which Teachers' will acquire 100 percent of the shares of SeaCube, a container leasing company based in Park Ridge, New Jersey. Under the terms of the agreement, which is expected to close in the first half of 2013, SeaCube shareholders will receive $23.00 in cash per SeaCube common share. Reuters estimates the transaction value to be US$467 million.

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