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

Asset manager Atlas Corp. 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. Ltd., and certain of their respective affiliates. The entity will pay $15.

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. Ltd., and certain of their respective affiliates. The entity will pay $15.

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