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Business deals

Shipper ONE seeks stake in leading container ship lessor

Consortium with top shareholders in Seaspan parent Atlas bids for remaining stock

Ocean Network Express is a joint venture of Japan's three largest maritime shipping companies. (Photo by Takaki Kashiwabara)

TOKYO -- Container shipper Ocean Network Express announced Friday a proposed tender offer for shares in Atlas, the U.S.-listed parent of top independent container ship owner Seaspan, together with Atlas' three largest shareholders.

The consortium is offering to buy the 32% or so of outstanding shares not already owned or controlled by members for $14.45 a share, a roughly 30% premium over Atlas' 30-day and 60-day average closing prices.

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