Hedge fund opposes Brookfield offer for Teekay Offshore stake

U.S. hedge fund JDP Capital Management said it and other minority unit-holders of Teekay Offshore Partners LP (NYSE: TOO) oppose Brookfield Asset Management‘s proposed acquisition of the midstream services provider.

Brookfield’s private equity group, which owns 73 percent of the company, this month offered to buy the remaining interest for US$1.05 per unit.

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