Albright Capital Management Will Vote No On $14.45/Share Unsolicited Take Private Offer for Atlas Corporation
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Tuesday, September 6, 2022
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Open Letter to ATCO Special Committee:
Key Points:
- Open Letter to ATCO Special Committee:
We advise you that Albright Capital Management will vote no on the $14.45/share unsolicited offer from a consortium of Atlas Corporation (ATCO) insiders and ONE, the companys largest shipping counterparty (the Consortium). - Let us provide some context on Albright Capital and our history with the Company so that our perspective on this transaction is clear.
- Albright Capital acquired shares in ATCO when APR Energy was merged with Seaspan to form Atlas Corporation in 2020.
- As a founding institutional private equity investor in APR Energy in 2009, we have deep insight into its strong capabilities and significant future growth opportunities.