Brief: JDP Capital Responds To Teekay Offshore Partner's Appointment Of Advisors To Manage Brookfield's Take-Under Offer

Brookfield Business Partners LP

19/06/2019 18:22

June 19 (Reuters) - JDP Capital Management:
    * JDP CAPITAL MANAGEMENT RESPONDS TO TEEKAY OFFSHORE
PARTNER'S
(NYSE: TOO) APPOINTMENT OF ADVISORS TO MANAGE BROOKFIELD'S
TAKE-UNDER OFFER
    * JDP CAPITAL MANAGEMENT SAYS "EVEN A CONSERVATIVE VALUATION
OF
TEEKAY OFFSHORE WOULD PUT THE VALUE WELL ABOVE $4 PER SHARE"
    * JDP-DOES NOT BELIEVE TEEKAY CONFLICTS COMMITTEE IS
STRUCTURALLY
INCENTIVIZED TO PROTECT MINORITY INVESTORS FROM BROOKFIELD
TENDER OFFER OF $1.05/UNIT

Source text for Eikon:  ID:nPn4nNRdra 
Further company coverage:  TOO.N  BBU_u.TO 

 ((Reuters.Briefs@thomsonreuters.com;))