May 31, 2017 / 10:50 PM / 4 months ago

BRIEF-Teekay Tankers announces merger agreement with Tanker Investments

May 31 (Reuters) - Teekay Tankers Ltd

* Teekay Tankers announces merger agreement with Tanker Investments Ltd.

* Merger with Tanker Investments expected to be immediately accretive to earnings per share

* Merger reduces financial leverage and increases total pro forma liquidity by about $117 million

* Teekay Tankers will assume approximately $350 million of TIL‘S long-term debt 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