TransCanada, Columbia plan $13 billion merger

摘要

TransCanada Corp. and U.S.-based Columbia Pipeline Group Inc. agreed to a US$13 billion merger, which includes about US$2.8 billion of debt. As part of the agreement, Columbia shareholders will receive US$25.50 per common share, an 11% premium to Columbia's closing price on March 16. The all-cash deal, approved by the boards of both companies, gives TransCanada natural gas pipelines and storage in the Marcellus and Utica shales and a possible path toward LNG exports.