ATS Corporation announces offering of 3.5M common shares for holders

ATS Corporation announced that it has entered into an agreement with a fund managed by Mason Capital Management and Scotiabank, acting as sole bookrunner, pursuant to which the underwriter has agreed to purchase, on a bought deal basis, 3.5M common shares of ATS from the selling shareholder, at a price of C$46.55 per share for gross proceeds to the selling shareholder of approximately C$163M. The offering is expected to close on or about April. All of the shares in the offering will be sold by the selling shareholder. The company will not receive any proceeds from the sale of the shares by the selling shareholder.