Columbia Pipeline Shareholders Approve July 1 TransCanada Buyout

Columbia Pipeline GroupThe July 1st merger (buyout) of Columbia Pipeline Group by TransCanada barrels on. In 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). Last week 95% of Columbia’s shareholders voted to approve the merger. TransCanada says everything is on track for a July 1 closing…

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