Teekay Plans Equity Sale To Buy Vessels

Bermuda based Teekay Offshore Partners L.P. announced on Thursday (Dec 2) that it has priced its follow-on public offering of 5,600,000 common units, representing limited partner interests, at $27.84 per unit.
Teekay Offshore has granted the underwriters a 30-day option to purchase up to an additional 840,000 units to cover over-allotments, if any. The offering is expected to close on December 8, 2010.
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Source: Bernews