More shareholders are speaking out against the Brookfield Business Partners' Teekay Offshore takeover attempt.
In a letter to shareholders Monday, North Carolina's Massif Capital argued the Toronto private equity firm was "attempting to abscond with the company in a way they would not do if it were a large-cap company".
"They are not doing anything illegal, but we are disappointed in how minority shareholders have been treated in this process," the letter read.
