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 connection with the consummation of the merger, Atlas Corp. requested that trading of its common shares on the New York Stock Exchange be suspended with immediate effect.
