Atlas Owners Shrug

Summary

  • David Sokol and Fairfax Financial want to swipe ATCO.
  • Shareholders are holding out for more.
  • We should get at least a few more bucks to sell.
  • Looking for a helping hand in the market? Members of Sifting the World get exclusive ideas and guidance to navigate any climate. Learn More »
Front view of large blue merchant cargo ship in the middle of the ocean. Performing cargo export and import operations.

Denys Yelmanov

Merger arbitrage

It has been a good year for merger arbitrage, but a particularly bad one for pre-arbitrage takeover candidates. As equity and credit markets stumbled, a higher than average number of potential deals were abandoned. While this has been treacherous territory, this is one

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This article was written by

38.44K Followers

Chris DeMuth Jr., is the founder of Rangeley Capital.

Chris runs the investing group Sifting the World, in which he shares his best ideas, deep research, extensive resources and real time updates as investments play out. The group contains an experienced community that shares specialized knowledge when members have local knowledge of opportunities under discussion. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ATCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

https://seekingalpha.com/instablog/957061-chris-demuth-jr/5549358-legal-disclosure

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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