TransCanada / Columbia Pipeline
TransCanada Corp. failed in its bid to receive approval for the Keystone XL pipeline , but its push into the United States continues: TransCanada said that it will acquire Houston-based Columbia Pipeline Group Inc. for $13 billion, including assumption of $2.8 billion in debt.
At the time of its announcement on March 17, the acquisition was the largest M&A deal in Canada this year. If completed, it would give the company an additional 15,000 miles of U.S. energy infrastructure, with natural gas pipelines running from New York to the Gulf of Mexico. TransCanada says the acquisition would make it one of North America’s largest regulated natural gas pipeline companies.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
