Teekay merger deal

Written by  John McKay
Thursday, 02 December 2021
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Dec 2 (LNGJ) - Teekay LNG Partners said a special meeting of common unit-holders of the Partnership voted to approve the proposed acquisition by merger of Teekay LNG by a unit of the US investment fund Stonepeak.

   “In addition, Teekay LNG has received all required customer approvals to complete the merger,” stated Teekay. “Upon closing of the merger, Teekay LNG’s common unit-holders will receive $17.00 per common unit in cash. The merger is currently anticipated to close in mid-January 2022,” it added.

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