TransCanada’s July 1 Merger with Columbia Pipeline Advances

TransCanadaIn March MDN reported that Canadian midstream giant TransCanada wants a bigger piece of the Marcellus/Utica pipeline pie and has decided to buy Columbia Pipeline Group for $10 billion (see TransCanada Makes Play to Buy Columbia Pipeline for $10B). Columbia Pipeline shareholders are due to vote on the deal in June (see Columbia Pipeline Shareholders to Vote on TransCanada Deal June 22). There are numerous regulatory hoops to jump through before the merger/purchase becomes official. TransCanada has announced another such hoop has been successfully jumped through. On Tuesday, TransCanada announced the waiting period under the Hart-Scott-Rodino Anti-Trust Improvements Act (HSR Act) was terminated early by the U.S. Federal Trade Commission. That means the FTC has taken a look and doesn’t object…

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