Atlas Management Proposes To Muscle Out Minority Shareholders [Seeking Alpha]
Atlas Corp. Common Shares (ATCO)
Company Research
Source: Seeking Alpha
SHanscheIn 2017, David Sokol, the former CEO of Berkshire Hathaway Energy (when it was called MidAmerican Energy), became the chairman of Seaspan the container ship lessor. In the past five years, Sokol and his investment partners the Washington Family and Fairfax Financial Holdings (OTCPK:FRFHF) have begun to build what he recently defined as a no-fee public platform for long-term infrastructure investments. The holding company is now named Atlas Corporation (NYSE:ATCO) and the ship leasing business continues as Seaspan. They acquired Greater China Intermodal Investments in 2018 and APR Energy in 2020.Yesterday, Sokol, the Washington family, Fairfax, and Ocean Network Express (ONE) submitted a non-binding offer totake Atlas privateAs a shareholder of Atlas Corporation, I heard the news with significant dismay. Atlas is a high-quality company that has pursued a strategy of forming long-term relationships with its shipping line partners. They have the largest fleet of any shipping less
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