Transportation equipment company Interpool has agreed to be bought by Fortress Investment Group related private equity funds in a deal worth about $2.4 billion.

Interpool shareholders will receive $27.10 a share, about a 6% premium to the company's recent stock price, and a total of nearly $800 million. Including the acquisition of debt, the deal is worth about $2.4 billion. The company's board supports the buyout. Interpool expects the deal to close in the third quarter.

"We are extremely pleased to announce this transaction. All along, our goal has been to achieve the best possible result for all Interpool stockholders," said Martin Tuchman, Interpool's chairman and chief executive.

A management buyout group led by Tuchman previously offered $24 a share for the company, to be supported by an investment fund affiliated with Fortis Merchant Banking along with significant Interpool shareholders.

Interpool leases cargo containers and container chassis used in international trade.

Interpool, Inc., a lessor of intermodal container chassis and cargo containers used in international trade, said Friday that it has agreed to be bought by certain private equity funds managed by affiliates of Fortress Investment Group LLC for about $2.4 billion, including debt.

Under the deal, Interpool shareholders would receive $27.10 in cash for each Interpool share held. This represents a 5.9% premium to Interpool's Friday closing price of $25.59 on the New York Stock Exchange.

(Continue reading this story on Trading Markets)

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