Interpool shareholders to decide Fortress acquisition on July 18

By Lisa Kerner

Charlotte, N.C., June 15 - Interpool, Inc.'s special meeting of stockholders will be held on July 18. Shareholders will be asked to approve the acquisition of Interpool for $27.10 per share by affiliates of Fortress Investment Group LLC.

The total transaction value, including assumed debt, is about $2.4 billion, and the transaction is expected to close in the third quarter of 2007.

Interpool's board unanimously approved the merger agreement and recommended that the company's stockholders do the same, according to a company news release.

Princeton, N.J.-based Interpool supplies equipment and services to the transportation industry and leases intermodal container chassis and cargo containers. Fortress is an alternative asset manager based in New York.

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