10:34 AM EDT, 03/14/2024 (MT Newswires) -- Textainer Group Holdings ( TGH/PA ) said Thursday alternative investment firm Stonepeak completed its acquisition of the intermodal containers leasing company for $50 a share in cash.

Textainer Group ( TGH/PA ) also said it plans to redeem all of its 7% series A and 6.25% series B cumulative redeemable perpetual preference shares, paying $25,150.69 for each series A share and $25,134.55 for series B. It also will redeem the corresponding depositary shares representing a 1/1,000 interest of the preference shares at $25.15 each for series A and $25.13 for series B.

Trading of Textainer's ( TGH/PA ) common stock on the New York Stock Exchange ended prior to the start of Thursday's regular session, and the shares will be delisted within 10 days, the company said.