TransCanada Acquires Columbia Pipeline Group for $13 Billion

摘要

TransCanada has just made a blockbuster move to acquire Houston-based Columbia Pipeline Group Inc. Including the assumption of Columbia Pipeline Group (CPG) debt, the total enterprise value of the transaction is approximately $13 billion, according to a March 17 statement announcing the deal. Columbia Pipeline Group Inc. is a Houston-based company that operates an approximate 15,000-mile network of interstate natural gas pipelines extending from New York to the Gulf of Mexico, with a significant presence in the Appalachia production basin.