Textainer Stock Spikes on Deal to Go Private. M&A Picks Up Momentum.

Shares of
Textainer Group Holdings
spiked Monday after the shipping-container lessor was offered an all-cash deal to go private.

Textainer
(ticker: TGH) jumped 42% to $48.58 in premarket trading. Investment firm Stonepeak agreed to buy out Textainer shareholders for $50 a share, a 46% premium on Friday’s closing price. The $2.1 billion deal gives Textainer an enterprise value of more than $7 billion if debt is included.