OMI acquisition clears antitrust hurdle
Teekay Shipping Corp. and A/S Dampskibsselskabet TORM said the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Act, allowing their joint purchase of the Stamford, Conn.-based tanker operator OMI Corp. to go forward.
Teekay and TORM said last month they would purchase OMI for about $2.2 billion, then divvy up the company’s fleet between them. OMI had 13 owned and chartered Suezmax tankers as well as 32 owned and chartered product tankers and two product tankers on order.
Teekay will acquire the Suezmax fleet and eight product tankers; TORM will acquire 26 product tankers.
OMI acquisition clears antitrust hurdle
