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Stock Market & Financial Investment News

News Breaks
April 16, 2012
16:45 EDTTK, TNKTeekay 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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December 19, 2014
10:17 EDTTNKOn The Fly: Analyst Downgrade Summary
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10:17 EDTTNKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aviva (AV) upgraded to Outperform from Market Perform at Bernstein... Basic Energy (BAS) upgraded to Buy from Accumulate at Tudor Pickering... BioDelivery Sciences (BDSI) upgraded to Buy from Neutral at Roth Capital... CVS Health (CVS) upgraded at SunTrust... CVS Health (CVS) upgraded to Buy from Neutral at SunTrust... EPR Properties (EPR) upgraded to Hold from Underweight at KeyBanc... Ensco (ESV) upgraded to Accumulate from Hold at Tudor Pickering... First Marblehead (FMD) upgraded to Buy from Neutral at Compass Point... GOL Linhas (GOL) upgraded to Outperform from Neutral at Credit Suisse... Medical Properties Trust (MPW) upgraded to Hold from Underweight at KeyBanc... NVIDIA (NVDA) upgraded to Neutral from Underperform at BofA/Merrill... NewStar Financial (NEWS) upgraded to Buy from Neutral at Sidoti... Orange SA (ORAN) upgraded to Buy from Hold at Deutsche Bank... Parker Drilling (PKD) upgraded to Buy from Accumulate at Tudor Pickering... Potash (POT) upgraded to Buy from Neutral at UBS... Teekay Tankers (TNK) upgraded to Buy from Neutral at BofA/Merrill... Tidewater (TDW) upgraded to Accumulate from Hold at Tudor Pickering... Unum Group (UNM) upgraded to Buy from Neutral at Compass Point... WPP PLC (WPPGY) upgraded to Buy from Neutral at Citigroup... Weatherford (WFT) upgraded to Buy from Hold at Tudor Pickering.
10:12 EDTTNKHigh option volume stocks
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10:09 EDTTNKTeekay Tankers upgraded to Buy from Underperform at BofA/Merrill
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09:28 EDTTNKOn The Fly: Pre-market Movers
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09:17 EDTTNKTeekay Tankers 20M share Spot Secondary priced at $4.80
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05:49 EDTTNKTeekay Tankers downgraded to Neutral from Buy at UBS
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December 18, 2014
16:13 EDTTNKTeekay Tankers files to sell 20M shares of Class A common stock
Teekay Corporation is also purchasing $20M of Class A common stock of the Company at the same price per share to the public. The Company expects to use the net offering proceeds and proceeds from Teekay Corporation's investment to partially finance the previously announced acquisition of four modern coated Aframax tankers and one modern uncoated Aframax tanker and for general corporate purposes, which may include funding future vessel acquisitions. The joint book running managers for this offering are Morgan Stanley, BofA Merrill Lynch and Credit Suisse.
09:29 EDTTNKTeekay Tankers to acquire five modern Aframax tankers for $230M
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December 17, 2014
17:21 EDTTKTeekay Offshore awarded new contract in Brazil, will acquire floating unit fromTeekay
Teekay Offshore (TOO) has entered into an agreement with a consortium led by Queiroz Galvao Exploracao e Producao SA to provide a floating production, storage and offloading - or FPSO - unit for the Atlanta field located in the Santos Basin offshore Brazil. In connection with the contract with QGEP, Teekay Offshore has agreed to acquire the Petrojarl I FPSO from Teekay (TK) for $57M. Subsequent to the acquisition, the FPSO will undergo upgrades for a fully built-up cost of approximately $240M, including the cost of acquiring the Petrojarl I. The FPSO is scheduled to commence operations in 1H16 under a five-year charter contract with QGEP. The charter contract is expected to generate annual cash flow from vessel operations of $55M-$60M. The Petrojarl I FPSO will be used on the Atlanta field located 185 km offshore from the Brazil coast. The acquisition of the Petrojarl I is expected to close by the end of January 2015.
07:20 EDTTKCapital Link to hold a forum
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December 9, 2014
12:30 EDTTKWells Fargo to hold a symposium
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