Stonepeak snaps up Teekay LNG in $6.2bn deal

New York-headquartered investment firm Stonepeak has reached an agreement to acquire Teekay LNG Partners for an enterprise value of $6.2bn. The deal will see investment vehicles managed by Stonepeak acquire all the issued and outstanding common units in Teekay LNG, including around 36m common units owned by Teekay, and 100% of Teekay’s ownership in Teekay … Continue reading Stonepeak snaps up Teekay LNG in $6.2bn deal