|Bid||23.01 x 1300|
|Ask||24.37 x 800|
|Day's Range||24.29 - 24.76|
|52 Week Range||7.49 - 26.42|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||14.57|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Atlas Corp. ("Atlas") and Seaspan Corporation (NYSE: SSW) ("Seaspan") today announced the closing of Seaspan's previously announced holding company reorganization (the "Reorganization") to create a new holding company, Atlas. In conjunction with the Reorganization, Atlas expects to announce the closing of Atlas' acquisition of APR Energy Limited ("APR"), a global leader in fast-track, mobile power solutions (the "Acquisition" and together with the "Reorganization", the "Transactions"). With completion of the Transactions, Seaspan and APR will both become wholly-owned subsidiaries of Atlas.
Seaspan Corporation ("Seaspan") (NYSE:SSW) today announced that it has agreed to purchase a fleet of four containerships (the "Acquired Vessels") for approximately $367 million in cash. The purchase of the Acquired Vessels is expected to be financed from additional borrowings as well as cash on hand. Seaspan expects to take delivery of the Acquired Vessels during March and April 2020, subject to customary closing conditions. The transaction is expected to be immediately accretive to Seaspan's earnings per diluted share.
Seaspan Corporation (NYSE:SSW) announced today, in connection with its previously announced holding company reorganization (the "Proposed Reorganization"), that it intends to delist its outstanding 5.50% senior notes due 2025 and related guarantees (the "2025 Notes") and 5.50% senior notes due 2026 and related guarantees (the "2026 Notes") from the New York Stock Exchange (the "NYSE") and to deregister the 2025 Notes and 2026 Notes under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Seaspan announced its intention to delist and deregister its outstanding 7.125% senior unsecured notes due 2027 (the "2027 Notes" and together with the 2025 Notes and the 2026 Notes, the "Notes") on January 17, 2020. On February 27, 2020, Seaspan intends to file a Form 25 with the United States Securities and Commission (the "SEC") and it is expected that the last day of trading of the Notes on the NYSE will be Monday, March 9, 2020.
Leveraging our strong balance sheet and trusted customer partnerships, we are well positioned to grow our market leading position to capture the increasingly attractive opportunities in the containership sector. As this acquisition demonstrates, Seaspan continues to be well regarded by our customers and financing partners as their reliable solution provider.
HONG KONG , Jan. 17, 2020 /CNW/ - Seaspan Corporation (SSW) announced today, in connection with its previously announced holding company reorganization (the "Proposed Reorganization"), that it intends to delist its outstanding 7.125% senior unsecured notes due 2027 (the "Notes") from the New York Stock Exchange (the "NYSE") and to deregister the Notes under the Exchange Act of 1934, as amended. Delisting and deregistration of the Notes is expected to occur on or about the effective date of the Proposed Reorganization. Seaspan has not, and does not intend to, arrange for listing and/or registration of the Notes on another national securities exchange or for quotation on another quotation medium.
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DLA Piper represented Seaspan Corporation (NYSE: SSW), a leading independent charter owner and operator of containerships, in its acquisition of APR Energy Limited, a global leasing business that owns and operates a fleet of gas turbines and other power generation equipment, in an all-stock transaction valued at US$750 million including the assumption of debt.
HONG KONG, Nov. 21, 2019 /PRNewswire/ - Seaspan Corporation ("Seaspan") (SSW) today announced that its Board of Directors has approved the implementation of a holding company reorganization (the "Proposed Reorganization"), to create a new holding company, Atlas Corp. ("Atlas"), which will become the new parent company of Seaspan. The Proposed Reorganization is intended to advance strategic capital allocation initiatives and provide operational transparency. In conjunction with the Proposed Reorganization, Seaspan also announced that it has entered into a definitive agreement to acquire APR Energy Limited ("APR"), a global leader in fast-track, mobile power solutions (the "Proposed Acquisition"; together with the "Proposed Reorganization", the "Proposed Transactions").
Seaspan Approaches One Million TEU with Acquisition of Fleet of Six High-Quality Containerships on Long-Term Charter for Total Purchase Price of $380 Million