{"id":2484,"date":"2007-04-18T00:00:00","date_gmt":"2007-04-17T23:00:00","guid":{"rendered":"https:\/\/mercator.nfdtesting.uk\/propulsion-and-future-fuels-conference\/2007\/04\/18\/teekay-torm-to-buy-omi\/"},"modified":"2007-04-18T00:00:00","modified_gmt":"2007-04-17T23:00:00","slug":"teekay-torm-to-buy-omi","status":"publish","type":"post","link":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/news\/general-news\/teekay-torm-to-buy-omi\/","title":{"rendered":"Teekay, TORM to buy OMI"},"content":{"rendered":"<p>Teekay Shipping Corp., which owns and operates one of the world&#8217;s largest fleets of crude oil tankers, will join with Danish product tanker operator TORM to acquire rival OMI Corp. for about $2.2 billion.<\/p>\n<p>Teekay and TORM, which plan to equally split the total cost of the transaction, will make a tender offer to OMI shareholders before 27 April. The OMI board of directors has approved the deal.<\/p>\n<p><\/p>\n<p>Upon closing, Teekay and TORM will divide the assets of OMI equally. Teekay will get OMI&#8217;s Suezmax operations as well as eight product tankers. TORM will receive the remaining 26 product tankers.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Teekay Shipping Corp., which owns and operates one of the world&#8217;s largest fleets of crude oil tankers, will join with Danish product tanker operator TORM to acquire rival OMI Corp. for about $2.2 billion. Teekay and TORM, which plan to equally split the total cost of the transaction, will make a tender offer to OMI [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"sponsor":[],"class_list":["post-2484","post","type-post","status-publish","format-standard","hentry","category-general-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=2484"}],"version-history":[{"count":0,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2484\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=2484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=2484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=2484"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=2484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}