Stonepeak Boosts Gas Portfolio with $6.2 Billion Teekay LNG Acquisition

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.