Press Release Dated May 31, 2007
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Date of Report: May 31, 2007
Commission file number 1- 12874
TEEKAY CORPORATION
(Exact name of Registrant as specified in its charter)
Bayside House
Bayside Executive Park
West Bay Street & Blake Road
P.O. Box AP-59212, Nassau, Bahamas
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1).
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7).
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b):82-______________________
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Item 1 Information Contained in this Form 6-K Report
Attached as Exhibit I is a copy of an announcement of Teekay Corporation (the Company),
dated May 31, 2007.
THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE FOLLOWING REGISTRATION
STATEMENTS OF THE COMPANY.
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REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 33-97746) FILED WITH THE SEC ON OCTOBER 4, 1995; |
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REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-42434) FILED WITH THE SEC ON JULY 28, 2000; |
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REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-102594) FILED WITH THE SEC ON JANUARY 17, 2003; AND |
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REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-119564) FILED WITH THE SEC ON OCTOBER 6, 2004. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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TEEKAY CORPORATION
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Date: May 31, 2007 |
By: |
/s/ Vincent Lok
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Vincent Lok |
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Senior Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer) |
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Exhibit I
TEEKAY AND TORM ACQUIRE
MAJORITY OWNERSHIP OF OMI CORPORATION
May 31, 2007 Teekay Corporation (Teekay) (NYSE: TK), A/S Dampskibsselskabet TORM (TORM)
(DSE: TORM and Nasdaq: TRMD), and OMI Corporation (OMI) (NYSE: OMM) announced today that that
Omaha, Inc. (Omaha), a jointly owned subsidiary of Teekay and TORM, paid for the 49.8 million
tendered shares (including shares tendered pursuant to guaranteed delivery procedures) pursuant to
Omahas previously announced tender offer. After taking into account the 2.4 million restricted
shares that were cancelled today in accordance with the transaction agreement among OMI, Teekay,
TORM and Omaha, Omahas ownership represents approximately 83.5% of all outstanding shares of OMI.
In addition, OMI paid the previously announced special cash dividend today to all holders of
record as of the close of business on May 24, 2007, in the amount of $0.10 per share in connection
with the tender offer.
Omahas previously announced subsequent offering period for all remaining OMI shares remains
open through 5:00 p.m., New York City time, June 5, 2007, unless otherwise extended. During the
subsequent offering period, OMI shares will be accepted for payment as they are tendered at the
same offer price paid during the initial offer period of $29.25 per share in cash.
Following the expiration of the subsequent offering period, Omaha will acquire all of the
remaining outstanding shares of OMI pursuant to a merger of OMI with
and into Omaha, with Omaha being the surviving corporation. In the merger, all remaining outstanding
OMI shares will be cancelled and converted into the right to receive $29.25 per share, net to the
seller in cash without interest, less any required withholding taxes.
Following the merger, Omaha
will change its name to OMI Corporation.
Today, Omaha designated four representatives to serve on OMIs Board of Directors, giving
Omaha majority Board representation. One of the current OMI Board members will remain on the OMI
Board.
About Teekay
Teekay Corporation transports more than 10 percent of the worlds seaborne oil, has expanded
into the liquefied natural gas shipping sector through its publicly-listed subsidiary, Teekay LNG
Partners L.P. (NYSE: TGP), and is further growing its operations in the offshore production,
storage and transportation sector through its publicly-listed subsidiary, Teekay Offshore Partners
L.P. (NYSE: TOO). With a fleet of over 155 vessels, offices in 17 countries and 5,600 seagoing and
shore-based employees, Teekay provides a comprehensive set of marine services to the worlds
leading oil and gas companies, helping them seamlessly link their upstream energy production to
their downstream processing operations. Teekays reputation for safety, quality and innovation has
earned it a position with its customers as The Marine Midstream Company. Teekay changed its name
from Teekay Shipping Corporation to Teekay Corporation on May 30, 2007.
Teekays common stock is listed on the New York Stock Exchange where it trades under the
symbol TK.
About TORM
TORM is one of the worlds leading carriers of refined oil products and has significant
activities in the bulk market. The Company operates more than 100 modern and secure vessels, most
of them in pool co-operation with other respected shipping companies, sharing TORMs commitment to
safety, environmental responsibility and customer service.
TORM was founded in 1889. The Company conducts business all over the world and is
headquartered in Copenhagen, Denmark. TORMs shares are listed in Copenhagen (ticker TORM) as well
as on NASDAQ (ticker TRMD).
About OMI
OMI Corporation is a major international owner and operator of tankers. Its fleet aggregates
approximately 3.5 million deadweight tons and comprises 13 Suezmax tankers (7 of which it owns and
6 of which are chartered-in) and 32 product carriers (of which it owns 28 and charters-in 4). In
addition, the Company has 2 product carriers under construction, which will be delivered in 2009.
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OMI Corporation
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Teekay Shipping Corporation
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A/S Dampskibsselskabet |
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TORM |
Merete Serck-Hanssen
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For Investor Relations
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Klaus Kjaerulff, CEO |
203-602-6773
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enquiries contact:
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Tel: +45 39 17 92 00 |
Web site: www.omicorp.com
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Dave Drummond
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Mobile: +45 40 10 81 11 |
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Tel: +1 (604) 844-6654 |
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For Media enquiries contact:
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N. E. Nielsen, Chairman |
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Nicole Breuls
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Tel: +45 72 27 00 00 |
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Tel: +1 (604) 609-5898
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Mobile: +45 25 26 33 43 |
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Web site: www.teekay.com
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Web site: www.torm.com |
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