Teekay (TK) says it's selling 13 of its 17 directly owned conventional tankers to its subsidiary...

|About: Teekay Corporation (TK)|By:, SA News Editor

Teekay (TK) says it's selling 13 of its 17 directly owned conventional tankers to its subsidiary Teekay Tankers (TNK) for $455M in an all stock-and-debt deal. The sale will allow Teekay to invest in new areas. TK +0.2%, TNK +2.2% AH.