ATLAS CORP

Atlas Corp. operates as a global asset manager that owns and operates the businesses in which it invests. It focuses on deploying capital across multiple verticals to create growth opportunities for its shareholders. The firm operates through two subsidiaries, Seaspan and APR. Seaspan is an independent charter owner and operator of containerships and APR provides mobile power solutions. The company was founded on October 1, 2019 and is headquartered in London, the United Kingdom.

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Atlas Corporation is a global asset management company that focuses on deploying capital to create sustainable shareholder value. Atlas brings together an experienced asset management team with deep operational and capital allocation experience. The company targets long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector, and other infrastructure verticals. Its two main portfolio companies, Seaspan Corporation, and APR Energy Limited are unique, industry-leading operating platforms in the global maritime and energy spaces, respectively.

Wilmington, Delaware--(Newsfile Corp. - November 4, 2022) - Rigrodsky Law, P.A. is investigating Atlas Corp. ("Atlas") (NYSE: ATCO) regarding possible breaches of fiduciary duties and other violations of law related to Atlas' agreement to be acquired by Poseidon Acquisition Corp. Under the terms of the agreement, Atlas' shareholders will receive $15.50 per share.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-atlas-corp.To contact Seth D. Rigrodsky or Gina M.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Atlas Corp. Buyout

Atlas Corp. (NYSE:ATCO ) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Will Kostlivy - Head of IR Bing Chen - President and CEO Graham Talbot - CFO Conference Call Participants Liam Burke - B. Riley Operator Welcome to Atlas Corp's Third Quarter 2022 Earnings Conference Call.

Atlas Corp. (ATCO) Q3 2022 Earnings Call Transcript

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NEW YORK , Nov. 2, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Atlas Corp. (NYSE: ATCO)'s  sale to Poseidon Acquisition Corp. for $15.50 per share in cash. If you are an Atlas shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ATCO, ABMD, BNFT

Atlas (ATCO) delivered earnings and revenue surprises of -2.50% and 0.64%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Atlas (ATCO) Misses Q3 Earnings Estimates

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C.

ATLAS CORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Atlas Corp. - ATCO

Continuing to optimize business by increasing contract duration, delivering on newbuild program and maintaining robust liquidity LONDON, UK , Nov. 1, 2022 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE: ATCO) announced today its results for the quarter ended September 30, 2022. Financial Highlights: Third quarter 2022 financial performance compared to third quarter 2021: Revenue decrease of 2.7% to $439.6 million Net earnings of $185.7 million and Diluted EPS of $0.59 Adjusted EBITDA(1) decrease of 9.7% to $291.1 million Robust balance sheet with liquidity of $1,294.3 million, total borrowings(1) to total assets of 52.5% Approximately 70% of Seaspan's total borrowings and preferred shares is fixed rate, protecting against the prevailing interest rate environment (1)        Non-GAAP financial measure.

ATLAS REPORTS THIRD QUARTER 2022 RESULTS

Atlas Corp. said Tuesday it has agreed to be acquired by Poseidon Acquisition Corp. in a $10.9 billion take-private deal about three months after the energy-generation- and container-ship-asset owner was initially approached with an unsolicited buyout offer.

Poseidon's $10.9 billion take-private deal for Atlas Corp. sets sail at sweetened price

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Atlas Corp. (NYSE: ATCO) to Poseidon Acquisition Corp. for $15.50 per share in cash is fair to Atlas shareholders.

ATCO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Atlas Corp. Is Fair to Shareholders

Atlas to Host Conference Call November 2 at 8:30 a.m. Eastern Time Atlas to Host Conference Call November 2 at 8:30 a.m. Eastern Time

Atlas Corp. to be Acquired by Poseidon Acquisition Corp. for $15.50 in Cash Per Share

Asset manager Atlas Corp. ATCO, -0.07% said Tuesday it has agreed to be acquired by Poseidon Acquisition Corp. in a deal with an enterprise value of about $10.9 billion. Poseidon was formed by affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, chairman of Atlas, and Ocean Network Express Pte.

Asset manager Atlas Corp. to be acquired by Poseidon Acquisition in deal valued at $10.9 billion

Atlas (ATCO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Atlas (ATCO) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Atlas (ATCO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Atlas (ATCO) Upgraded to Strong Buy: Here's Why

LONDON, UK , Oct. 12, 2022 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE: ATCO) plans to release its financial results for the quarter ended September 30, 2022, after the market closes on Tuesday, November 1, 2022. Atlas plans to host a conference call for all shareholders and interested parties at 8:30 a.m.

Atlas Announces Third Quarter 2022 Results Conference Call and Webcast

Atlas (ATCO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Atlas (ATCO) Stock Jumps 6.1%: Will It Continue to Soar?

LONDON and TORONTO, Oct. 06, 2022 (GLOBE NEWSWIRE) -- 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. Ltd., a global container, transportation and shipping company (the “Consortium”), announced today it believes it has made meaningful 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 members of the Consortium do not already own or control for $15.50 per share in cash, plus payment of all ordinary course third quarter and fourth quarter 2022 dividends regardless of the timing of any closing (the “Proposed Transaction”). There is no binding agreement with respect to the Proposed Transaction, and negotiations remain subject to significant contingencies, including completion of due diligence by the Consortium (expected to be commenced promptly), the negotiation and execution of a mutually acceptable definitive agreement, and confirmation and documentation of fully committed financing. In addition, the closing of the Proposed Transaction, if a definitive agreement is reached, would be contingent upon the approval of holders of a majority of the Atlas common shares not owned by Consortium members and the satisfaction of additional mutually acceptable closing conditions to be contained in a definitive agreement. The Consortium does not expect to make any further announcements or updates unless and until a definitive agreement is executed or discussions with the Special Committee are terminated.

Poseidon Acquisition Corp. Continues Discussions to Acquire All Common Shares of Atlas Corp. Not Controlled by Consortium Members

LONDON, UK , Oct. 6, 2022 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE: ATCO) today confirmed that the Special Committee of independent directors (the "Special Committee") has continued negotiations with Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd., and certain of their respective affiliates (together, the "Consortium") regarding the previously announced proposal for a transaction in which the Consortium would acquire all of the outstanding common shares of Atlas that the Consortium does not already own or control.

Atlas Corp. Provides Update on Special Committee Discussions with Poseidon Acquisition Corp.

LONDON, UK , Sept. 28, 2022 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE: ATCO) today confirmed receipt of a revised, non-binding proposal from Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte.

Atlas Corp. Special Committee Confirms Receipt of Revised Proposal from Poseidon Acquisition Corp.

LONDON and TORONTO, Sept. 26, 2022 (GLOBE NEWSWIRE) -- 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. 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 US$15.50 per share in cash. Poseidon Chairman David L. Sokol stated that the increased bid price represents Poseidon's final and best offer. The non-binding proposal was conveyed on September 26, 2022 in a letter to Atlas' Special Committee.

Poseidon Acquisition Corp. Unilaterally Increases Its Bid Price to Acquire All Common Shares of Atlas Corp. Not Controlled By Its Majority Shareholders to $15.50 Per Share in Cash

Shares of Atlas Corp. ATCO, -3.77% jumped nearly 8% in premarket trades on Monday after a buyout group including Atlas Corp. chairman David L. Sokol increased its take-private offer for the container ship and mobile power company to $15.50 a share, up from its Aug. 4 offer of $14.45 a share.

Atlas rallies as consortium raises take-private offer

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. Ltd. (the “Consortium”), a global container, transportation and shipping company, announced today it has unilaterally increased its b

POSEIDON ACQUISITION CORP. UNILATERALLY INCREASES ITS BID PRICE TO ACQUIRE ALL COMMON SHARES OF ATLAS CORP.

MISSOULA, Mont.--(BUSINESS WIRE)--The Washington Companies (“the Company”) today announced that Larry Simkins will retire as President, Chief Executive Officer and member of the Board of Directors after a distinguished 21-year career as CEO of the Company. The Washington Companies' Board has appointed Mark Lamarre, CEO of Seaspan Shipyards, to assume the role of President and CEO, and Mr. Lamarre will join The Washington Companies' Board. Mr. Simkins and Mr. Lamarre have worked closely on an or

The Washington Companies Announces Executive Leadership Succession

LONDON, UK , Sept. 15, 2022 /PRNewswire/ - Seaspan Corporation ("Seaspan"), a wholly-owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), today announced an update to Atlas' May 17, 2022 press release regarding contracts for four 7,700 TEU dual-fuel liquefied natural gas containership newbuildings, subject to certain closing conditions.

Seaspan Announces Update Regarding Order For Four 7,700 TEU Dual-Fuel LNG Containership Newbuilds

David Sokol and Fairfax Financial want to swipe ATCO. Shareholders are holding out for more.

Atlas Owners Shrug

WASHINGTON--(BUSINESS WIRE)--Private investment firm Albright Capital Management, a large minority shareholder in Atlas Corporation (NYSE: ATCO) (“the Company”), today announced in an open letter to the Special Committee of the ATCO Board that it will vote no on the $14.45/share unsolicited offer from a Consortium of ATCO insiders and ONE, the Company's largest shipping counterparty (“the Consortium”). Open Letter to ATCO Special Committee: We advise you that Albright Capital Management will vo

Albright Capital Management Will Vote No On $14.45/Share Unsolicited Take Private Offer for Atlas Corporation

LONDON, UK, Aug. 18, 2022 /PRNewswire/ - Atlas ("Atlas" or the "Company") (NYSE: ATCO) announced today that its board of directors (the "Board") has already formed a special committee of independent directors to evaluate the unsolicited non-binding proposal from Poseidon Acquisition Corp. ("Poseidon") received by the Board on August 4, 2022. The special committee has already retained Morgan Stanley & Co. LLC as its financial advisor, and also has already retained legal counsel, in connection with its evaluation of the proposal.

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