Teekay Tankers (TNK) Buys 13 Oil, Product Tankers from Teekay (TK) for $455M

April 16, 2012 4:45 PM EDT
Teekay Tankers Ltd. (NYSE: TNK) announced today that it has reached an agreement to acquire from Teekay Corporation (NYSE: TK), a fleet of 13 double-hull conventional oil and product tankers and related time-charter contracts, debt facilities and other assets and rights, for an aggregate purchase price of approximately $455 million.

The vessels include: Zenith, Pinnacle, Summit, Godavari, Australian, Axel, Americas, Galway, Limerick, Donegal, Hugli, Teesta and Mahanadi.


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