Back in the US, Teekay Tankers on Tuesday announced the sale of 15 million shares in a follow-on offering including a green shoe of 2.25 million shares. The timing was curious. The shipping markets are appalling although the dry market has overtaken the wet side on the downside.
This is only an excerpt of What Do They Know? – Teekay Tankers Follow-on
Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.
Tags: · Evercore, Jon Chappell, Michael Webber, Teekay Tankers, Wells Fargo
You must be logged in to post a comment.