Tanker consolidation continues with TNK acquiring TIL

Posted on June 1, 2017 by admin

Teekay Tankers today announced the acquisition of Tanker Investments in an all-share deal which values TIL at a 21% premium to last close and which reflects a NAV-for-NAV transaction on our estimates. TIL’s shareholder will end up with 38% of…

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This entry was posted in oil tankers and tagged shipping, tanker investments, Teekay Tankers, til, til-no, TNK, tnk-us. Bookmark the permalink.