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Stock Market & Financial Investment News

News Breaks
April 16, 2012
16:45 EDTTNK, TKTeekay Tankers to acquire fleet of 13 double-hull tankers from Teekay for $455M
Teekay Tankers (TNK) announced that it has reached an agreement to acquire from Teekay Corporation (TK), a fleet of 13 double-hull conventional oil and product tankers and related time-charter contracts, debt facilities and other assets and rights, for an aggregate purchase price of approximately $455M. As part of the transaction, Teekay Tankers and Teekay will enter into a non-competition agreement, which will provide Teekay Tankers with a right of first refusal to participate in any new conventional crude oil tanker and product tanker developed by Teekay for a period of three years from the closing date of this transaction.
News For TNK;TK From The Last 14 Days
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May 18, 2015
10:01 EDTTNKOn The Fly: Analyst Initiation Summary
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06:39 EDTTNKTeekay Tankers initiated with an Overweight at JPMorgan
Target $8.50.
May 14, 2015
05:36 EDTTKTeekay reports Q1 adjusted EPS 22c, consensus 29c
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05:31 EDTTNKTeekay Tankers reports Q1 adjusted EPS 34c, consensus 33c
Reports Q1 revenue $103.88M, consensus $96.32M.

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