Poseidon buys out Seaspan owner Atlas for $11 billion
2022-11-02 08:18

Poseidon buys out Seaspan owner Atlas for $11 billion

"Poseidon Acquisition Corp. (Poseidon) will buy out Seaspan owner Atlas in a deal worth almost $11 billion. The $10.9 billion follows months of negotiations between Atlas and Poseidon Acquisition Corp., a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp., affiliates of Fairfax Financial Holdings Limited (Fairfax), the Washington Family, and Ocean Network Express" See the original story at Port Technology.

Source: Port Technology