Stonepeak Boosts Gas Portfolio with $6.2 Billion Teekay LNG Acquisition
Transaction Type
Sellers
Announce Date
Post Date
Estimated Price
1.5BB
Description
To acquire all the issued and outstanding common units in Teekay LNG, one of the world’s largest independent owners and operators of LNG carriers, for $17 per unit, representing an enterprise value of $6.2 B; excluding Teekay debt, the transaction is valued at roughly $1.5 B. (Expected to close year-end 2021.