Atlas Corp. receives “Take Private” proposal

Chamber of Shipping > Blog > News > International > Atlas Corp. receives “Take Private” proposal

Asset manager Atlas Corp (ATCO.N) has received a takeover offer from consortium group Poseidon Acquisition Corp in an all-cash deal for $3.64 billion. Poseidon, which comprises Atlas’ board chairman David Sokol, affiliates of Canadian investment company Fairfax Financial Holdings Ltd (FFH.TO), the Washington Family, and Japanese shipping company Ocean Network Express Pte Ltd, has made an offer to the asset manager for $14.45 cash per common share. Altas’ wholly-owned subsidiaries includes Seaspan, the largest independent owner and operator of containerships in the world.

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