This might end up a good deal but will take a while before the stock recovers what was taken away by this deal. The stock did not hold even the offering price which frankly is a bit weird considering it was under the trading price. Not good ST but may down the road increase the dividend % as revenues go up as I suppose they are going to buy new ships with the money?
Like you, I'm shocked the price has dropped below the "New Offering" price and I was already shocked that TGP cut its own price so much. I work in Bermuda and may stop by their Office on Pitts Bay road. Damn! I wish I had taken profit last week BUT I thought we were headed to $44.