May 31, 2017 / 10:53 PM / 7 months ago

BRIEF-Tanker Investments to merge with Teekay Tankers Ltd

May 31 (Reuters) - Tanker Investments Ltd:

* Has entered into a definitive agreement to merge with Teekay Tankers Ltd.

* Says Tanker Investments will become a wholly-owned subsidiary of Teekay Tankers

* Tanker investments- all-stock merger with teekay tankers at exchange ratio of 3.30 teekay tankers class a common shares for each TIL common share

* Tanker investments - upon completion, tanker investments’ shareholders will own approximately 30% of combined entity

* Tanker investments - merger approved by board of directors of both Teekay Tankers and TIL, including unanimous approval from special committee Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below