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OFS - Teekay Offshore to go private after Brookfield ups offer - October 2019
Teekay Offshore Partners and Brookfield Business Partners reached a $965.7 million agreement to go private with the investor consortium paying $1.55 in cash for each Teekay Offshore outstanding publicly held common unit. The cash consideration represents a premium of $0.34/unit to TOO’s prior-day closing price and an increase of $0.50/unit from the original offer in May. Brookfield and its institutional partners will pay about $170 million for the 109.73 million units. Brookfield will also......
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