Teekay LNG has the go-ahead to buy back up to $100m shares to go alongside its new tax structure, in a move the company hopes will make it more attractive on the market.
The New York-listed company's board today signed off on the repurchase plan and shareholders approved its reconstitution as a corporation.
"We believe that Teekay LNG’s common units represent compelling value and repurchasing them is currently the best investment we can make as the unit price does not fully reflect the underlying value of our business," said Teekay...
