ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more