Columbia Pipeline Shareholders Sue re 2016 Sale to TransCanada

TransCanada Corporation, which renamed itself TC Energy earlier this year, made a play for and bought out/merged in U.S.-based Columbia Pipeline Group in 2016 (see TransCanada and Columbia Pipeline Tie the Knot Today). TransCanada paid $13 billion for Columbia, including assumption of $2.8 billion of debt. Columbia has major pipeline operations throughout the Marcellus/Utica region.

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