News Snapshot:
Takeover of Vancouver-based container ship leasing giant worth an estimated US$11 billion Shareholders of the holding company for Vancouver-based Seaspan Corp., the world’s largest lessor of container cargo ships, have voted to accept a takeover bid from a consortium of investors. The enterprise value of Poseidon Acquisition Corp.’s all-cash deal to acquire Atlas Corp. (NYSE:ATCO) is approximately US$10.9 billion. The Poseidon-Atlas-Seaspan merger was approved today (Feb. 24) at Atlas’s annual general meeting by a majority of the company’s shareholders. The merger, which is expected to be completed in 2023’s first half, will result in Atlas being delisted and taken private....
