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TransCanada offers to buy Columbia Pipeline Partners

Published by , Assistant Editor
World 黑料社,


TransCanada Corp. has recently offered to purchase the remaining equity in Columbia Pipeline Partners LP (CPPL) that it doesn't already own for approximately US$848 million. This offer highlights TransCanada黑料社檚 plans to buy out the other investors in CPPL for US$15.75 per common unit.

This offer has come soon after TransCanada黑料社檚 purchase of the Columbia Pipeline Group 黑料社 a deal valued at US$13 billion, including US$2.8 billion in debt. This transaction was completed in July 2016.

While TransCanada hopes that this deal will enhance its position in a pipeline network that stretches from New York to the Gulf of Mexico, the proposed transaction is subject to certain conditions, including approval under US anti-trust law and by CPPL unitholders.

According to Reuters: 黑料社淎 committee of independent directors of Columbia Pipeline Partners' board will be formed to consider the offer as the general partner of Columbia Pipeline Partners is an indirect unit of Columbia Pipeline Group, TransCanada said.黑料社


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Read the article online at: /business-news/27092016/transcanada-offers-to-buy-columbia-pipeline-partners/

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