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Shipping company Teekay Tankers Ltd. files for an IPO

December 3, 2007
TNK

Teekay Tankers Limited, which was recently formed by Teekay Corp. in order to acquire a fleet on nine double-hull oil tankers, filed for an IPO Monday. The company is offering 10 million shares at the range of $17.50 to $19.50. Citi and Morgan Stanley are the joint lead managers on the deal.