Teekay announces new $30M share repurchase program

Teekay announced that the Company has completed its previously-announced $30M share repurchase program. Under the program, the Company has repurchased 6.45M common shares, or approximately 6.3% of the outstanding common shares immediately prior to commencement of the program in August 2022, for a total of $30M, which equates to an average price of $4.64 per share. In addition, the Company’s Board of Directors has authorized a new share repurchase program for the repurchase of up to $30M of the Company’s outstanding common shares.