Teekay To Sell Remaining 49% Teekay Offshore Operating Stake For $390 Mln

Teekay Corp. Thursday said that it agreed to sell its remaining 49 percent interest in Teekay Offshore Operating L.P., or OPCO to Teekay Offshore Partners L.P., or Teekay Offshore for a total price of $390 million. The company expects this transaction to be completed during the week of March 7, 2011.
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Source: RTT News