Poseidon Acquisition Corp, an entity formed by ONE together with the 3
controlling shareholders of Atlas (Fairfax Financial Holdings, the Washington
family and David Sokol, chairman of Atlas) have entered into a definitive
agreement on 1 November 2022 to acquire Atlas in an all-cash transaction for an
enterprise value of $10.9 Bn.
Poseidon will acquire 32% of the outstanding common shares of Atlas not owned by
the 3 controlling shareholders for $15.50 per share in cash, which represents a
34% p