Teekay and Tanker Investments complete merger

Dec 01 2017

Teekay Tankers and Tanker Investments (TIL) have closed their merger.

At the closing, each outstanding share of TIL common stock (other than shares held in the treasury of TIL or owned by Teekay Tankers or any of its subsidiaries) was exchanged for the right to receive 3.3 shares of Teekay Tankers Class A Common Stock, and TIL became a wholly owned subsidiary of Teekay Tankers. 


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