TransCanada Corp. is offering about $848-million (U.S.) cash to buy all the equity in Columbia Pipeline Partners LP that it doesn’t already own – strengthening its grip on a pipeline network that stretches from New York to the Gulf of Mexico.
The Calgary-based company’s offer to other investors in the Houston-based limited partnership follows TransCanada’s purchase of the Columbia Pipeline Group. That deal was valued at $13-billion, including $2.8-billion in debt. Continue reading “TransCanada bids $848-million to buy rest of Columbia Pipeline Partners”


