Interpool stockholders approve sale of company to Fortress affiliate

By Lisa Kerner

Charlotte, N.C., July 18 - Interpool, Inc. shareholders voted in favor of the company's acquisition by Chariot Acquisition Holding LLC, an affiliate of Fortress Investment Group LLC, at a special meeting on Wednesday.

The company said some 85% of its outstanding shares were voted for the approval and adoption of the merger agreement.

"We are pleased that Interpool's stockholders overwhelmingly recognize the value of this merger," chairman and chief executive officer Martin Tuchman said in a company news release.

The transaction is expected to close on or about July 19. Interpool's common stock will then cease to be publicly traded.

As previously reported, on April 20 Interpool agreed to be acquired for $27.10 per share by Fortress affiliates in a deal valued at $2.4 billion. Fortress is an alternative asset manager based in New York.

Interpool, based in Princeton, N.J., supplies equipment and services to the transportation industry and leases intermodal container chassis and cargo containers.

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