Atlas Owners Shrug

Sep. 07, 2022 12:00 PM ETAtlas Corp. (ATCO)MS82 Comments

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

Chris DeMuth Jr. profile picture
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Chris DeMuth Jr (ccdemuth@rangeleycapital.com) founded event driven hedge fund Rangeley Capital LLC and research service Sifting the World


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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.

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

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