Teekay LNG's $6.2bn take-private deal has closed.
Parent Teekay Corp announced on Thursday that the gas carrier spin-off and Stonepeak Limestone Holdings — formerly known as Stonepeak Infrastructure Fund IV Cayman — completed the merger that was announced on 4 October.
The agreement saw the Stonepeak Infrastructure Partners fund buy all outstanding Teekay LNG shares for $17 each.
As part of the deal, Teekay Corp received $641m.
