Teekay Corp

NYSE:TK   3:59:55 PM EDT
3.70
-0.06 (-1.60%)
4:40:12 PM EDT: $3.70 0.00 (0.00%)
Debt Financing / Related, Mergers / Acquisitions

Stonepeak To Acquire Teekay LNG In A $6.2 Billion Transaction

Published: 10/04/2021 14:00 GMT
Teekay Corp (TK) - Stonepeak to Acquire Teekay Lng in a $6.2 Billion Transaction.
Teekay Lng Partners Lp - Deal for $17.00 per Unit Acquisition Price.
Teekay Lng Partners Lp - Deal for an Enterprise Value of $6.2 Billion, Including Joint Venture Net Debt, and $1.5 Billion in Common Unit Equity Value.
Teekay Lng Partners Lp - Transaction is Result of a Review by Teekay Gp's Board of Directors of Strategic Alternatives Available to Teekay Lng.
Teekay Lng Partners Lp - Investment Vehicles Managed by Stonepeak Will Acquire Units Representing Limited Partner Units in Teekay Lng.
Teekay Lng Partners - Stonepeak Will Acquire 100 Percent of Teekay's Ownership in Teekay Lng's General Partner.
Teekay Lng Partners - Stonepeak Acquisition Includes Economic Ownership Interest Equivalent to About 1.6 Million Teekay Lng Units, for $17.00 per Unit.