$10.9B Atlas Corp to be Acquired in Take-Private Transaction

Hong Kong-based Atlas Corporation, which invests in maritime and energy interests, announced Nov. 1 that it has agreed to be acquired and taken private by a consortium of investors that include its principal stockholders and members of its company management.

The company announced several months ago that it was negotiating with Poseidon Acquisition Corp., the investment consortium which includes Atlas chair David Sokol along with Fairfax Financial Holdings and Ocean Network Express, an international container shipping company.