TRANSCANADA & CPG: $13 BLN
Columbia Pipeline Group, Inc. today announced that it has entered into a definitive agreement to be acquired by TransCanada Corporation for $25.50 per share in cash. Including the assumption of CPG debt, the total enterprise value of the transaction is approximately $13 billion. The agreement, which has been unanimously approved by CPG's Board of Directors, represents a premium of approximately 32% to the volume weighted average price over the last 30 days.
"This transaction delivers tremendous value to our shareholders and places CPG within a leading energy platform that can maximize the value of our strategic positioning…
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