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HAMILTON, BERMUDA -- (Marketwired) -- 07/26/17 -- Teekay Corporation (TK) (Teekay or Teekay Parent) (NYSE: TK) and Teekay Offshore Partners L.P. (TOO) (Teekay Offshore or the Partnership) (NYSE: TOO) today announced that they have agreed to enter into a strategic partnership with Brookfield Business Partners L.P. (NYSE: BBU)(TSX: BBU.UN), together with its institutional partners (collectively Brookfield). This transaction is part of a comprehensive solution for Teekay Offshore, which includes a $640 million equity investment and other financing initiatives detailed below.


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