LNG

Teekay LNG Partners, a subsidiary of Canadian shipping company Teekay Corp., said it was selling upwards of 5.5 million of its New York Stock Exchange-listed shares to help finance its joint purchase with Marubeni Corp. of Japan of the Maersk LNG carrier fleet.

Teekay LNG, which is based in Bermuda, priced the shares at $33.40 each and there was an additional 825,000 shares available depending on demand.

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