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Why Triton International Stock Is Skyrocketing Today

Lou Whiteman, The Motley Fool
Updated ·2 min read
Why Triton International Stock Is Skyrocketing Today

Container leasing specialist Triton International (NYSE: TRTN) has agreed to be acquired by Brookfield Infrastructure Partners (NYSE: BIP) (NYSE: BIPC) in a deal valued at $13.3 billion including debt. It's a big premium to where Triton shares traded yesterday, and the stock is up more than 30% as a result. Triton is the world's largest lessor of intermodal freight containers, those large, rectangular boxes that are designed to be moved easily among ships, rail, and trucks.

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