Teekay LNG Partners (TGP) -4.1% AH after announcing plans to offer 4.6M common units in a public...

|About: Teekay LNG Partners L.P. (TGP)|By:, SA News Editor

Teekay LNG Partners (TGP) -4.1% AH after announcing plans to offer 4.6M common units in a public offering; it expects to grant the underwriters a 30-day option to purchase up to an additional 690K units. TGP intends to use the proceeds for general purposes, which may include funding potential future newbuilding deliveries or vessel acquisitions.