Me TOO

On Tuesday, Teekay Offshore Partners L.P. announced that it too intended to raise equity by selling 4.4 million common units, while giving the underwriters an option to purchase a further 0.66 million shares to cover over-allotments. The deal priced the next day at $19.48/ unit, a discount of 4.98% from the prior day’s close. Gross proceeds of the offering will be $85.7 million.

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