Teekay Offshore – sad end to the story | Value Investing News

Teekay Offshore – sad end to the story

  • Teekay Offshore is a partnership incorporated in the Marshall Islands jurisdiction .
  • The issue is that one has to read the legalese on the partnership units , and the cross-section with applicable Marshall Islands law to figure out what they can and can’t do to make this transaction occur.
  • Of particular note are the preferred shares, which on paper have very good yields.
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