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 US$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 - 100%. In addition, Teekay LNG owns a 30% interest in an LNG regasification terminal. Teekay LNG is a publicly traded master limited partnership formed by Teekay Corporation as part of its strategy to expand its operations in the LNG and LPG shipping sectors.
