The Conflicts Committee of Teekay Offshore Partners Appoints Advisors to Consider Recent Brookfield Offer
TEEKAY OFFSHORE PARTNERS (TOO)
Last teekay offshore partners earnings: 4/30 01:55 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-offshore-partners-l-p/financials-presentations
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Source: GlobeNewswire
HAMILTON, Bermuda, May 30, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that the Conflicts Committee (the Conflicts Committee) of the Board of Directors of Teekay Offshore GP LLC has formally appointed Potter Anderson & Corroon LLP and Evercore Group L.L.C. as their independent legal counsel and financial advisor respectively. These appointed advisors will support the Conflicts Committee in its evaluation of the previously received unsolicited non-binding proposal from Brookfield Business Partners L.P. and certain of its affiliates and institutional partners (collectively, the Brookfield Consortium), to acquire all of the issued and outstanding publicly held common units representing limited partnership interests of the Partnership that the Brookfield Consortium does not already own (the “Proposed Transaction”). Teekay Offshore’s Conflicts Committee mandated to consider the Proposed Transaction, consists
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