Tony Gray - Wednesday 25 March 2009
TEEKAY LNG Partners’ offering of 4m shares has been priced at $17.60, which would raise gross proceeds of $70.4m for the company.
In addition, New York-listed Teekay LNG has granted the underwriters a 30-day over allotment option to purchase a further 600,000 shares, or common units.
This could raise a further $10.6m.
Source: Lloyd's List
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