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Teekay Corporation (TK)

  • Apr. 16, 2012, 7:14 PM
    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.
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Company Description
Teekay Corp is a provider of crude oil and gas marine transportation services and it also offers offshore oil production, storage and offloading services, mainly under long-term, fixed-rate contracts.
Sector: Services
Industry: Shipping
Country: Canada