CFIUS Clears Proposed Acquisition of Columbia Pipeline Group by TransCanada
[Click image to enlarge]
[Click image to enlarge]
The Committee on Foreign Investment in the United States (CFIUS) has cleared the proposed acquisition of Columbia Pipeline Group, Inc. (CPG) by TransCanada Corporation.
Receipt of this notification from CFIUS satisfies one of the conditions to the closing of the proposed transaction. CPG and TransCanada continue to anticipate completing the proposed transaction in the second half of 2016, subject to other customary closing conditions including US antitrust clearance and receipt of the approval of CPG stockholders.
About Columbia Pipeline Group
Columbia Pipeline Group, Inc. operates approximately 15,000 miles of strategically located interstate pipeline, gathering and processing assets extending from New York to the Gulf of Mexico, including an extensive footprint in the Marcellus and Utica shale production areas. CPG also operates one of the nation’s largest underground natural gas storage systems.
To stop by Columbia Pipeline Group’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2016 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
