Poseidon Acquisition Corp

Acquisition consortium completes Atlas takeover

Poseidon Acquisition Corp. has completed the previously announced takeover of Atlas Corp., the parent company of Seaspan.

That means that the acquisition consortium, formed by certain affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, chairman of the board of Atlas, Ocean Network Express (ONE) and certain of their respective affiliates, has acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Sokol.

In...

https://container-news.com/acquisition-consortium-completes-atlas-takeover/

ONE along with partners continue discussions for Atlas Corp. acquisition

Poseidon Acquisition Corp., a consortium composed of Ocean Network Express (ONE), Atlas’ board chairman David Sokol, affiliates of Fairfax Financial Holdings Limited and the Washington Family, believes it has made “significant progress” in its discussions with the special committee of the board of directors of Atlas to acquire all of the outstanding common shares of Atlas, that the Consortium does not already own or control, for US$15.50 per share in cash, plus ordinary course third quarter and...

https://container-news.com/one-along-with-partners-continue-discussions-for-atlas-corp-acquisition/

ONE and partners confirm US$3.64 billion Atlas Corp takeover offer

The Singaporean-headquartered container carrier Ocean Network Express (ONE) is a member of the Poseidon Acquisition Corp, a consortium that has proposed to acquire all the outstanding common shares of Atlas Corp that are not owned or controlled by the consortium members.

Atlas Corp said on 4 August that it has received a takeover offer from the consortium group in an all-cash deal for US$3.64 billion.

Poseidon Acquisition Corp comprises Atlas’ board chairman David Sokol, affiliates of Canadian...

https://container-news.com/one-and-partners-confirm-us3-64-billion-atlas-corp-takeover-offer/