Acquisition of SeaCube Container Leasing Ltd. by Ontario Teachers' Pension Plan May Not Be in SeaCube Container Leasing Ltd.

  Acquisition of SeaCube Container Leasing Ltd. by Ontario Teachers' Pension
Plan May Not Be in SeaCube Container Leasing Ltd. Shareholders' Best Interests

PR Newswire

SAN DIEGO and PARK RIDGE, N.J., Jan. 23, 2013

SAN DIEGO and PARK RIDGE, N.J., Jan. 23, 2013 /PRNewswire/ --Shareholder
rights attorneys at Robbins Arroyo LLP are investigating the acquisition of
SeaCube Container Leasing Ltd. (NYSE: BOX) by Ontario Teachers' Pension Plan.
SeaCube engages in the acquisition, leasing, and subsequent sale of
refrigerated and dry containers and generator sets. 


On January 18, 2013, SeaCube announced that it had entered into an agreement
to be acquired by Ontario Teachers' Pension Plan. Pursuant to the agreement,
SeaCube's shareholders will receive $23 in cash for each share of common
stock. The transaction has been approved by the board of directors of
SeaCube. Additionally, it is expected that SeaCube will operate as a
standalone business operation with the current management team remaining in

The Board of Directors' Actions May Prevent SeaCube Shareholders from
Receiving the Maximum Value for Their Stock

Robbins Arroyo LLP's investigation focuses on whether the board of directors
at SeaCube is undertaking a fair process to obtain maximum value and
adequately compensate its shareholders or seeking to benefit themselves. The
$23 per share offer price is below the $24 target price set by an analyst at
Deutsche Bank on November 7, 2012.

Further, on November 5, 2012, SeaCube reported financial results for the third
quarter 2012, reflecting increases in revenue, net income, and gross profit
over the same quarter for the prior year. Specifically, the company reported
a 30% increase in net income over the same period the previous year. In
addition, total revenue for the third quarter increased to $49.5 million
compared to $45.2 million for the third quarter 2011. Moreover, SeaCube's
quarterly results have beat analyst earnings per share estimates in six of the
previous eight quarters. 

Given, these facts, the firm is examining the board of directors' decision to
sell SeaCube now rather than allow shareholders to continue to participate in
the company's continued success and future growth prospects. 

SeaCube shareholders have the option to file a class action lawsuit against
the company to secure the best possible price for shareholders and the
disclosure of material information so shareholders can vote on the transaction
in an informed manner. SeaCube shareholders interested in information about
their rights and potential remedies can contact Darnell R. Donahue at (800)
350-6003,, or via the shareholder information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. For more information, please
go to

Press release link:

Attorney Advertising. Past results do not guarantee a similar outcome.

Darnell R. Donahue
Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003

SOURCE Robbins Arroyo LLP

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