Stonepeak to take Textainer private in $7.4B deal

Shares of Textainer (TGH) are spiking after the company announced that private investment company Stonepeak will take the company private with a deal valued at $7.4 billion. Shareholders of Textainer will receive $50 per share in cash, with total value of common shares equaling about $2.1 billon. Yahoo Finance Anchors Seana Smith and Brad Smith break down the deal and what it means for both companies going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.