Chevron + Atlas = $430 million Cohen payday
Ed and Jon Cohen boost their fortunes with a Chevron deal
Shareholders of Atlas Energy Inc., Edward and Jonathan Cohen's publicly-traded, Philadelphia-based Appalachian gas and oil company, have overwhelmingly approved its $4.3 billion sale to Chevron for cash and shares of Atlas Pipeline Holdings. Deal to close "promptly," Atlas says. More here.
The Cohens, who are also real estate and banking investors (Betsy Zubrow Cohen of TheBancorp is Ed's wife and Jonathan's mother), own 10% of Atlas Energy, according to a recent Atlas filing with the SEC. Other major owners include Omega Advisors (New York), Morgan Stanley, Cobalt Capital, Alpine Associates, BlackRock, Senator Investment, and the T.Rowe Price and Vanguard mutual funds.