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Shipping company Teekay Offshore Partners files for IPO

December 4, 2006
TOO

Teekay Offshore Partners, which provides shipping and storage services to the offshore oil industry, formed by Teekay Shipping Corporation, filed for an IPO on Monday. The Nassau-based shipper plans to offer 7 million units at a range of $19-$21. Citigroup and Merrill Lynch will manage the deal which is scheduled to price next week.