Poseidon, ONE et alia going for Atlas
The takeover of Atlas Corp., the holding with Seaspan as a major global containership lessor in its portfolio, is around the corner.
On behalf of a consortium composed of David L. Sokol, chairman of the board of directors of Atlas , certain affiliates of Fairfax Financial Holdings Limited, the Washington Family, and Ocean Network Express (ONE), Poseidon Acquisition Corp. spoke of "significant progress in its discussions with the special committee of Atlas’s board of directors to acquire all of the outstanding common shares of Atlas that the consortium does not already own or control for USD 15.50 per share in cash, plus ordinary course Q3 and Q4/2022 dividends."
The agreement is not definite, yet. The consortium stated that it "does not expect to make any further announcements or updates unless and until a definitive agreement is executed or discussions with the special committee are terminated." However,a deal seems to be imminent. (sh)
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