Sokol, Fairfax Raise Bid to Buy Seaspan Parent to $4.4 Billion

A consortium led by former Berkshire Hathaway Inc. executive David Sokol and Canadian investment group Fairfax Financial Holdings Ltd raised its offer to buy Atlas Corp., the holding company that controls shipping firm Seaspan Corp., to $4.4 billion.

The cash bid increased to $15.50 from $14.45 a share, a 14.6% premium to Friday’s closing price. The shares jumped as high as $15 in premarket trading in New York.

“In an effort to reach a conclusion and bring certainty to Atlas and its shareholders, we are hereby increasing our offer from $14.45 to $15.50 per common share,” Sokol said ...