whytestocks
5 years ago
News: $TOO JDP Capital Management finds significant support from other unit holders of Teekay Offshore (NYSE: TOO) to oppose Brookfield Business Partner's (NYSE: BBU) take-under offer
NEW YORK , May 24, 2019 /PRNewswire/ -- On May 17, 2019 , Brookfield Business Partners (NYSE: BBU) published a letter requesting that the board of Teekay Offshore Partners LP (NYSE: TOO) evaluate an offer to acquire the remaining publicly traded units of TOO for $1.05 per unit, an all-...
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Penny Roger$
12 years ago
Teekay Offshore Partners L.P. (Teekay Offshore) is an international provider of marine transportation and storage services to the offshore oil industry. As of December 31, 2010, the Company owned a 51% interest in Teekay Offshore Operating L.P. (OPCO) and controls its general partner; Teekay Corporation owned a 49% interest in OPCO. OPCO owns and operates a fleet of shuttle tankers, in addition to floating storage and offtake (FSO) units and double-hull conventional oil tankers. As at December 31, 2010, the Company’s shuttle tanker fleet consisted of 35 vessels that operate under fixed-rate contracts of affreightment, time charters and bareboat charters. On April 1, 2010, the Company acquired directly from Teekay Corporation the FSO unit, the Falcon Spirit. On October 1, 2010, the Company acquired directly from Teekay Corporation the Rio Das Ostras FPSO unit. On October 1, 2010, Teekay Offshore acquired the Rio das Ostras from Teekay Corporation.
http://www.google.com/finance?q=TOO