Global Ship Lease Enters Into Merger Agreement With Poseidon Containers
11.01.18
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The Firm is representing Global Ship Lease, Inc. (NYSE: GSL) in connection with its strategic combination with Poseidon Containers Holdings LLC and K&T Marine LLC (together “Poseidon Containers”). The transaction is a stock-for-stock merger representing a total transaction value of over $780 million on an asset value basis to create a leading containership charter owner focused on mid-sized and smaller vessels.
The Simpson Thacher team includes Edward Chung, Erika Tang, Jiarui Li and Juan Gonzalez; Lesley Peng and Sarah Pelham (Capital Markets); Andrew Purcell and Joseph Tootle (Tax); and Andrew Blau and Joo Hyun Lee (ECEB).