Teekay Tankers Ltd. Completes Previously Announced Reverse Stock Split
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
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Source: GlobeNewswire
VANCOUVER, British Columba, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today announced that it has effected its previously-announced one-for-eight reverse stock split of the Company's Class A common shares, par value $0.01 per share, and Class B common shares, par value $0.01 per share (the Reverse Stock Split). The Company's Class A common shares will begin trading on a split-adjusted basis on the New York Stock Exchange (NYSE), as of the opening of trading on November 25, 2019. The Company’s Class A common shares will continue to trade on the NYSE under the symbol “TNK” but have been assigned a new CUSIP number, Y8565N 300. The Company believes that the increased market price for its Class A common shares will improve the marketability of Teekay Tankers’ Class A common shares to a broader base of potential investors. Pursuant to the Reverse Stock Split, every eight shares of the Company's issued and outstanding Class A commo
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TNK
News
- Teekay Group Announces Changes to Boards of Directors [Canadian Business Journal (Canada)]Canadian Business Journal
- Teekay Tankers Ltd. (NYSE: TNK) had its price target lowered by analysts at Jefferies Financial Group Inc. from $72.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- Teekay Tankers Ltd. (NYSE: TNK) had its "underperform" rating re-affirmed by analysts at Bank of America Co.. They now have a $46.00 price target on the stock, down previously from $51.00.MarketBeat
- Here's What We Like About Teekay Tankers' (NYSE:TNK) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers (NYSE:TNK) Is Paying Out A Dividend Of $0.25 [Yahoo! Finance]Yahoo! Finance
TNK
Earnings
- 10/30/24 - Miss
TNK
Sec Filings
- 12/10/24 - Form 6-K
- 12/5/24 - Form 144
- 11/25/24 - Form 144
- TNK's page on the SEC website