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Slideshow Stock Buybacks

By The Online Investor Staff, updated Thu., Aug. 18, 6:53 AM

Slide #14. Teekay Corporation

Company: Teekay Corporation (NYSE:TK)
$Amount Authorized: $30,000,000
Buyback Details: Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that its Board of Directors has authorized a share repurchase program for the repurchase of up to $30 million of the Company's outstanding common shares. Under the program, repurchases can be made from time to time in the open market, through privately-negotiated transactions and by any other means permitted under the rules of the U.S. Securities and Exchange Commission, in each case at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased under the program will be subject to the discretion of the Company and upon market conditions and other factors. The Company intends to make all open market repurchases under the plan in accordance with Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended.

Teekay is a holding company. Through its subsidiaries, Co. is a provider of international crude oil and other marine transportation services. Co. has three primary lines of business: conventional tankers, operational and maintenance marine services, and offshore production (floating production, storage and offloading (FPSO) units). Co.'s subsidiary, Teekay Tankers Ltd. owns all of Co.'s conventional crude oil tankers and product carriers. Co. and its remaining subsidiaries owns two FPSO units and directly conducts business in Australia through the provision of operational and maintenance marine services to third parties, and provides marine and corporate services.
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Company Name: 
Teekay Corp
Stock buyback: 
TK buyback
Website: 
www.teekay.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding TK: 
7
Total Market Value Held by ETFs: 
$9.82M
Total Market Capitalization: 
$369.00M
% of Market Cap. Held by ETFs: 
2.66%
 

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Hold (2.00 out of 4)
91st percentile
(ranked higher than approx. 91% of all stocks covered)
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