• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Teekay LNG Announces Updates on Required Approvals for Merger With Stonepeak

    12/1/21 4:02:00 PM ET
    $TGP
    $TK
    Marine Transportation
    Consumer Services
    Marine Transportation
    Consumer Discretionary
    Get the next $TGP alert in real time by email

    HAMILTON, Bermuda, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) today announced that at a special meeting of common unitholders of the Partnership held on December 1, 2021, its common unitholders voted to approve the proposed acquisition by merger of Teekay LNG by Stonepeak Limestone Holdings LP (formerly known as Stonepeak Infrastructure Fund IV Cayman (AIV III) LP) (Stonepeak).

    In addition, Teekay LNG has received all required customer approvals to complete the merger.

    Upon closing of the merger, Teekay LNG's common unitholders will receive $17.00 per common unit in cash. The merger is currently anticipated to close in mid-January 2022.

    About Teekay LNG

    Teekay LNG is one of the world's largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 21 mid-size LPG carriers, and seven multi-gas carriers. Teekay LNG's ownership interests in these vessels range from 20 to 100 percent. In addition, Teekay LNG owns a 30 percent interest in an LNG regasification terminal. Teekay LNG is a publicly traded master limited partnership formed by Teekay Corporation (NYSE:TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.

    Teekay LNG's common units and preferred units trade on the New York Stock Exchange under the symbols "TGP", "TGP PR A" and "TGP PR B", respectively.

    Cautionary Statement Regarding Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements included in this press release, other than statements of historical fact, are forward-looking statements. Statements about the proposed merger and related transactions (the Transaction) and all other statements in this press release, other than historical facts, constitute forward-looking statements. When used in this press release, the words "expect," "believe," "anticipate," "plan," "intend," "estimate," "may," "will" or similar words are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Teekay LNG may not be able to complete the proposed Transaction on the proposed or other acceptable terms or at all because of a number of factors, including, among others: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (2) the failure to satisfy closing conditions in the merger agreement, (3) the potential for regulatory authorities to require divestitures, operational remedies or other concessions in order to obtain their approval of the proposed merger, (4) risks related to disruption of management's attention from Teekay LNG's ongoing business operations due to the proposed merger, (5) the effect of the announcement of the proposed merger on (i) the ability of Teekay LNG or Teekay Corporation (Teekay) to retain and hire key personnel and maintain relationships with Teekay LNG's customers, suppliers, or (ii) Teekay LNG's operating results and business generally, (6) the proposed merger may involve unexpected costs, liabilities or delays, (7) Teekay LNG's business may suffer as a result of the uncertainty surrounding the proposed merger, including the timing of the consummation of the proposed merger, (8) the outcome of any legal proceeding relating to the proposed merger, (9) Teekay LNG may be adversely affected by other economic, business or competitive factors, including, among others, those related to the COVID-19 pandemic, and (10) other risks to consummation of the proposed merger, including the risk that the proposed merger will not be consummated within the expected time period or at all, which may adversely affect Teekay LNG's business and the price of its common units. In addition, if the Transaction is completed, Teekay LNG may not realize expected benefits for its customers, employees, joint venture partners or capital providers and Teekay may not realize expected benefits to it or its business. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements represent Teekay LNG's and Teekay's respective views as of the date on which such statements were made. It is anticipated that subsequent events and developments may cause these views to change. However, although Teekay LNG or Teekay may elect to update these forward-looking statements at some point in the future, each specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing views as of any date subsequent to the date hereof. Additional factors that may affect the business or financial results of Teekay LNG or Teekay are described in the risk factors included in its filings with the SEC, including Teekay LNG's and Teekay's Annual Reports on Form 20-F for the year ended December 31, 2020, as updated by subsequent filings with or submissions to the SEC. Each of Teekay LNG and Teekay expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences, except as required by applicable law.

    Additional Information and Where to Find It

    Additional information regarding the merger agreement can be found in the definitive proxy statement attached as Exhibit 99.1 of Teekay LNG's Report on Form 6-K furnished to the SEC on November 2, 2021, which can be obtained, along with other filings containing information about Teekay LNG, the proposed merger and related matters, without charge, from the SEC's website at www.sec.gov or from Teekay LNG's website at www.teekay.com.

    For Investor Relations enquiries contact:

    Ryan Hamilton

    Tel: +1 (604) 609-2963

    Website: www.teekay.com



    Primary Logo

    Get the next $TGP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TGP
    $TK

    CompanyDatePrice TargetRatingAnalyst
    Teekay LNG Partners L.P.
    $TGP
    10/5/2021$18.00 → $17.00Buy → Hold
    Stifel
    More analyst ratings

    $TGP
    $TK
    Financials

    Live finance-specific insights

    See more
    • Teekay Corporation Ltd. First Quarter 2025 Business Update; and Declares a Special Dividend

      HAMILTON, Bermuda, May 07, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported a business update for the three months ended March 31, 2025. The business update and Teekay Group's earnings presentation are available on the Company's website here. The Company's Board of Directors declared a special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on July 16, 2025 to all Teekay shareholders of record on July 2, 2025. About Teekay Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services through its controlling ownership in

      5/7/25 4:05:00 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary
    • Teekay Group to Announce First Quarter 2025 Earnings Results on May 7, 2025

      HAMILTON, Bermuda, April 29, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the first quarter 2025 after market close on Wednesday, May 7, 2025. The Teekay Group plans to host a conference call on Thursday, May 8, 2025 at 11:00 a.m. (ET) to discuss its results for the first quarter 2025. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 289-0438, or 1(647) 484-0478 if outside of North America, and quoting conference ID code 2797116.By acces

      4/29/25 4:05:31 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary
    • Teekay Group to Announce Fourth Quarter and Annual 2024 Earnings Results on February 19, 2025

      HAMILTON, Bermuda, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the fourth quarter and annual 2024 after market close on Wednesday, February 19, 2025. The Teekay Group plans to host a conference call on Thursday, February 20, 2025 at 11:00 a.m. (ET) to discuss its results for the fourth quarter and annual 2024. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 289-0438, or 1(647) 484-0478 if outside of North America, and quoting conf

      2/11/25 5:15:50 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary

    $TGP
    $TK
    Leadership Updates

    Live Leadership Updates

    See more
    • Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes

      HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group: Teekay Tankers' President and Chief Executive Officer, Kevin Mackay, and Chief Financial Officer, Stewart Andrade, will transition out of the organization by August 31, 2024.Kenneth Hvid, Teekay's President and Chief Executive Officer and Teekay Tankers' Chairman, will take on the added role of Teekay Tankers' President and Chief Executive Officer (CEO). Brody Speers, Teekay'

      8/7/24 4:05:27 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary
    • Teekay Announces Senior Management Change

      HAMILTON, Bermuda, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced Vince Lok's retirement as Teekay's Executive Vice President and Chief Financial Officer effective January 1, 2023, after nearly 30 years with the Company, including the past 16 years as Teekay's Group CFO. Upon Mr. Lok's retirement, Mr. Brody Speers, Vice President, Finance & Treasurer, will be assuming Mr. Lok's responsibilities, along with continuing to oversee Teekay's Finance, Accounting and Tax teams. Mr. Lok has agreed to stay on as an advisor through the end of 2023 to help ensure a smooth transition as well as support the Company's strategic initiatives. Kenne

      11/2/22 4:15:33 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary
    • Altera Infrastructure GP L.L.C. announces changes to its Board and Committees and confirms the Relocation of its Principal Office to the United Kingdom

      ABERDEEN, United Kingdom, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Altera Infrastructure GP L.L.C. (ALIN GP), the general partner of Altera Infrastructure L.P. (Altera Infrastructure or the Partnership), announced the following changes to its Board of Directors (the Board) all with immediate effect: Ingvild Sæther, President and CEO of Altera Infrastructure Group Ltd., and Benedicte Bakke Agerup have been appointed to the Board, increasing the size of the Board to ten directors.Ms Bakke Agerup will join the Audit and Conflicts committees.A new Executive Oversight Committee has been formed. This committee is chaired by Denis Turcotte with Bill Utt and Ingvild Sæther as members. “On behalf of the

      12/2/20 4:10:00 PM ET
      $BBU
      $TK
      $ALIN^A
      Engineering & Construction
      Consumer Discretionary
      Marine Transportation

    $TGP
    $TK
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Teekay Corporation Ltd.

      SC 13D/A - TEEKAY CORP LTD (0000911971) (Subject)

      11/1/24 4:34:13 PM ET
      $TK
      Marine Transportation
      Consumer Discretionary
    • SEC Form SC 13G filed by Teekay Corporation

      SC 13G - TEEKAY CORP (0000911971) (Subject)

      2/9/24 9:58:57 AM ET
      $TK
      Marine Transportation
      Consumer Discretionary
    • SEC Form SC 13D/A filed by Teekay Corporation (Amendment)

      SC 13D/A - TEEKAY CORP (0000911971) (Subject)

      9/6/23 5:20:25 PM ET
      $TK
      Marine Transportation
      Consumer Discretionary

    $TGP
    $TK
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Teekay Corporation Ltd. First Quarter 2025 Business Update; and Declares a Special Dividend

      HAMILTON, Bermuda, May 07, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported a business update for the three months ended March 31, 2025. The business update and Teekay Group's earnings presentation are available on the Company's website here. The Company's Board of Directors declared a special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on July 16, 2025 to all Teekay shareholders of record on July 2, 2025. About Teekay Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services through its controlling ownership in

      5/7/25 4:05:00 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary
    • Teekay Group to Announce First Quarter 2025 Earnings Results on May 7, 2025

      HAMILTON, Bermuda, April 29, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the first quarter 2025 after market close on Wednesday, May 7, 2025. The Teekay Group plans to host a conference call on Thursday, May 8, 2025 at 11:00 a.m. (ET) to discuss its results for the first quarter 2025. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 289-0438, or 1(647) 484-0478 if outside of North America, and quoting conference ID code 2797116.By acces

      4/29/25 4:05:31 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary
    • Teekay Group Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2024

      HAMILTON, Bermuda, April 01, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) have released their Annual Reports on Form 20-F for the fiscal year ended December 31, 2024 (Annual Reports). Each Annual Report has been filed with the U.S. Securities and Exchange Commission and can be accessed at www.teekay.com, in the "Investors" section under "Financials and Presentations" for each respective entity. Shareholders may also request hard copies of the Annual Reports, which include the Teekay Group's complete 2024 audited financial statements, free of charge, by contacting Investor Relations

      4/1/25 4:05:47 PM ET
      $TK
      $TNK
      Marine Transportation
      Consumer Discretionary

    $TGP
    $TK
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Teekay LNG Partners downgraded by Stifel with a new price target

      Stifel downgraded Teekay LNG Partners from Buy to Hold and set a new price target of $17.00 from $18.00 previously

      10/5/21 7:26:32 AM ET
      $TGP
      Marine Transportation
      Consumer Services
    • B. Riley reiterated coverage on Teekay LNG Partners with a new price target

      B. Riley reiterated coverage of Teekay LNG Partners with a rating of Buy and set a new price target of $15.50 from $13.00 previously

      3/1/21 8:58:54 AM ET
      $TGP
      Marine Transportation
      Consumer Services
    • Jefferies reiterated coverage on Teekay LNG Partners with a new price target

      Jefferies reiterated coverage of Teekay LNG Partners with a rating of Hold and set a new price target of $14.00 from $12.00 previously

      1/29/21 6:48:54 AM ET
      $TGP
      Marine Transportation
      Consumer Services

    $TGP
    $TK
    SEC Filings

    See more
    • SEC Form 144 filed by Teekay Corporation Ltd.

      144 - TEEKAY CORP LTD (0000911971) (Subject)

      6/3/25 8:34:04 PM ET
      $TK
      Marine Transportation
      Consumer Discretionary
    • SEC Form 6-K filed by Teekay Corporation Ltd.

      6-K - TEEKAY CORP LTD (0000911971) (Filer)

      5/15/25 7:25:31 PM ET
      $TK
      Marine Transportation
      Consumer Discretionary
    • SEC Form 144 filed by Teekay Corporation Ltd.

      144 - TEEKAY CORP LTD (0000911971) (Subject)

      5/15/25 4:25:11 PM ET
      $TK
      Marine Transportation
      Consumer Discretionary