November 01, 2022 07:45 ET
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This means that every time you visit this website you will need to enable or disable cookies again. Forward-looking statements in this release are estimates and assumptions reflecting the judgment of senior management and involve known and unknown risks and uncertainties. LONDON, UK, Nov. 1, 2022 /PRNewswire/ - Atlas ("Atlas" or the "Company") ( NYSE: ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates .
Atlas Announces Shareholder Meeting Date in Connection with Poseidon Acquisition. Before accessing the information and documents contained in this area of the website, please read and accept terms and conditions reported here below. Many of these risks and uncertainties cannot be controlled by the Consortium and include the possibility that discussions with the special committee of the Atlas board of directors may not be successful and the possibility that the proposed transaction may not be entered into or completed on the terms described in this press release or at all, including as a result of changes in the business or prospects of Atlas.
As with past acquisitions, Mastercard does not expect this acquisition to be dilutive to its business for greater than 24 months. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Atlas preferred shares will continue trading on the NYSE under current terms. LONDON & TORONTO--(BUSINESS WIRE)--Poseidon Acquisition Corp., on behalf of a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp. (NYSE: ATCO) (Atlas or the Company), certain affiliates of Fairfax Financial Holdings Limited (collectively, Fairfax)(TSX: FFH and FFH.U), the Washington Family, and Ocean Network Express Pte. This implies a meaningful risk of a substantial decline in re-contracted charter rates as existing charters roll off schedule. Ltd. ("ONE"), and certain of their respective affiliates, today announced the completion of the previously announced transaction pursuant to which Poseidon acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Mr. Sokol. When typing in this field, a list of search results will appear and be automatically updated as you type. Those three entities currently. These forward-looking statements represent Atlas' estimates and assumptions only as of the date of this release and are not intended to give any assurance as to future results. The Ekata product suite is powered by the Ekata Identity Engine, comprised of two proprietary data sets the Ekata Identity Graph and the Ekata Identity Network. The information and documents contained in this area of the website may not be sent or in any other way transmitted, made available or distributed in the United States of America, Canada, Australia or Japan or any Other Countries. +1-416-367-4941. Poseidon Acquisition Corp, a consortium group, has placed an all-cash takeover offer for asset management company Atlas Corp. As a result, you are cautioned not to rely on any forward-looking statements. You should carefully review and consider the various disclosures included in Atlas' Annual Report and in Atlas' other filings made with the SEC that attempt to advise interested parties of the risks and factors that may affect Atlas' businesses, prospects and results of operations.
We do believe that Atlas shareholders are amenable to a transaction and would want the opportunity to consider this proposal for themselves. Atlas targets long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Atlas Corp. to be Acquired by Poseidon Acquisition Corp. - GlobeNewswire sokol@poseidonacq.com, Fairfax: John Varnell, Vice President, Corporate Development - +1-416-367-4941, Internet Explorer presents a security risk. Atlas Corp. 20 Jan, 2023, 08:00 ET. In order to access the information and documents contained in this area of the website, I declare that I am not currently located in the United States of America, or currently located in or resident in Canada, Japan or Australia, or situated in any Other Countries. Poseidon proposes to acquire asset manager Atlas You can adjust all of your cookie settings by navigating the tabs on the left hand side. Digital identity is a foundational part of Mastercards multi-layered approach to security. This letter does not include or constitute a binding offer to acquire Atlas or any of its securities or assets, or a proposal of definitive terms for any transaction. Ltd. (the Consortium), a global container, transportation and shipping company, announced today it has unilaterally increased its bid price to acquire all of the outstanding common shares of Atlas that the Consortium does not already own or control to $15.50 per share in cash. The Shanghai Containerised Freight Index fell to 2,072 on September 23, 2022, representing a 59% reduction from its peak of 5,110 on 7 January 2022 and 45% from August 5, 2022.
Fairfax, Washington, Mr. Sokol and ONE will be outstanding partners as Atlas advances its operational improvements and drives growth to support its customers and enhance opportunities for its employees., Atlas has continued to develop its long-term strategic partnerships and differentiated business model to position the Company for sustainable and quality growth. 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. Poseidon Acquisition Corp. Continues Discussions to Acquire All Common In 2019, the company introduced a new framework on how digital interactions should evolve, as well as how digital identity will build trust, collaboration and economic growth. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. Atlas shareholders will be able to obtain such documents (when available) free of charge at the SECs web site, www.sec.gov. This press release contains statements regarding the proposed transaction that may be deemed to be forward-looking statements within the meaning of applicable securities laws and members of the Consortium may make related oral, forward-looking statements on or following the date hereof. Central to creating trust in a digital world is the ability to prove your digital identity - who you are, whether you are interacting in person, online or in app. In an effort to reach a conclusion and bring certainty to Atlas and its shareholders, we are hereby increasing our offer from $14.45 to $15.50 per common share. Posted 9:57:07 PM. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Fairfax Financial Holdings Limited Contacts: John VarnellVice President, Corporate DevelopmentTel. Trust is the key ingredient to conducting digital commerce. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Atlas Corp. Provides Update on Special Committee Discussions with Fairfax Financial Holdings
When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in the Company's filings with the SEC, which include, but are not limited to, those found in the Company's Annual Report on Form 20-F for the year ended December 31, 2021, filed with the SEC on March 24, 2022, the Company's Proxy Statement filed as an exhibit to Schedule 13e-3, filed with the SEC on January 9, 2023, and the Company's other filings with the SEC. I want to thank all Atlas employees for their continued dedication and hard work. Through drivingSee this and similar jobs on LinkedIn. LONDON and TORONTO, March 28, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE: ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of.
As the Special Committee and its advisors consider our revised proposal, we request that they do so in the context of the continued pressure on the global macroeconomy, financial markets and Atlas operating environment. These risks and uncertainties include the risks that the transactions contemplated by the Merger Agreement may not be consummated due to the failure to satisfy conditions to completion of the merger, the occurrence of any event, change or other circumstance that gives rise to the termination of the Merger Agreement or otherwise. Each Atlas common share issued and outstanding immediately prior to the effective time of the Merger, other than common shares held by Fairfax, Washington and Mr. Sokol, was converted into the right to receive $15.50 per share in cash. Walt Disney has been accused of systematically underpaying women in California in a lawsuit that alleges the company's female employees in the state earned $150 million less than their male counterparts over an eight year period. Poseidon Acquisition Corp. Unilaterally Increases Its Bid Price to Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management. See here for a complete list of exchanges and delays. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. All quotes delayed a minimum of 15 minutes. Before accessing the information and documents contained in this area of the website, please read and accept terms and conditions reported here below. Upon the closing of the transaction, Atlas common shares will cease trading on the New York Stock Exchange (NYSE). Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management. You are cautioned not to rely on these forward-looking statements, which speak only as the date of this release. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Mr. Chen will continue to serve as President and CEO of Atlas and will contribute his equity in Atlas to become an owner of the Company along with Poseidon. As a content-driven, technology and data company, Azerion serves consumers, digital publishers, advertisers, and game creators . Cision Distribution 888-776-0942 Fairfax, Washington and Mr. Sokol currently own approximately 68% of the outstanding common shares. This release contains forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. In connection with the consummation of the Merger, the Company requested that trading of the common shares on the New York Stock Exchange (the NYSE) be suspended with immediate effect (the delisting).