Stripping off the baggage of its container ships and chassis, both unattractive businesses today, Seacastle Inc. has offered the public the opportunity to invest this time in its container leasing subsidiary through an initial public offering of that business, which they have named SeaCube Container Leasing Ltd. This is another example of a part that might be worth more than a whole as management recognized the recent outperformance of the publicly traded container leasing companies, Textainer and TAL International due to operating leverage.
This is only an excerpt of SC to BOX – Seacube’s 2nd Attempt
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Tags: · Citi, Credit Suisse, Dahlman Rose, Deutsche Bank, DnB NOR, DVB, GE, GE SeaCo, J.P. Morgan, Nomura, Seacastle Inc., SeaCube Container Leasing Ltd., TAL International, Textainer, Wells Fargo
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