Atlas Corp ATCO.PR.D

Alternate Symbol(s): ATCO.PR.H

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Atlas Corp. is a global asset management company. The Company owns and operates the businesses in which it invests while focusing on deploying capital across multiple verticals. The Company’s subsidiaries are Seaspan and APR Energy. The Company operates through two segments: vessel leasing and mobile power generation. The vessel leasing segment operates through Seaspan, owns and operates a fleet of vessels, which it charters to various liner companies. The power generation segment conducts through APR Energy, owns and operates a fleet of power generation assets, including gas turbines and other equipment, and provides power solutions to customers through various contracts. It charters primarily pursuant to long-term, fixed-rate time charters with eight container liner companies. The Company operates a fleet of 30 gas turbines and 274 diesel generators.

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Atlas Corp > How much will this go for?

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Comment by Contrarian333on Sep 14, 2022 10:45pm

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Post# 34963494

RE:How much will this go for?

3) Total equity commitments, combined with the equity rollover by Fairfax/Washington/Sokol, implies that BidCo has financial flexibility to pay more than its proposal price of $14.45/shr. With equity commitments of ~$1.6B, BidCo has raised more than the required $1.3B required to buyout the public float at its current proposal price of $14.45/shr. The difference implies that under current commitments, BidCo can pay upto $17.92/shr, representing a 24% premium to its current proposal price should the Special Committee determine fair value for ATCO shares are higher than $14.45/shr. For context, average consensus price targets among six sell-side analysts prior to deal announcement was $17.42/shr.

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