Teekay Tankers Ltd. (Teekay Tankers) and Tanker Investments Ltd. (TIL) announced that they have finalised the, previously announced, merger of the two companies.
After the two companies have merged, each outstanding share of TIL common stock (other than shares held in the treasury of TIL or owned by Teekay Tankers or any of its subsidiaries) was exchanged for the right to receive 3.30 shares of Teekay Tankers Class A Common Stock, and TIL became a wholly owned subsidiary of Teekay Tankers.
