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Shipping company Teekay Tankers prices at high end of range

December 12, 2007
TNK

Teekay Tankers, which owns and operates a fleet of nine double-hull crude oil tankers, priced its 10 million share offering at $19.50 on Wednesday, the high end of the expected range. The stock is expected to begin trading on the NYSE on Thursday, under the ticker “TNK”. Citi and Morgan Stanley were the joint lead managers on the deal.