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TransCanada says in deal discussions with third party, no agreement yet

Mar. 10, 2016 12:52 PM ETTC Energy Corporation (TRP) Stock, TRP:CA StockBy: Carl Surran, SA News Editor
  • TransCanada (NYSE:TRP -4.3%) responds to media reports suggesting a potential acquisition of Columbia Pipeline, saying it is in discussions with a third party but no agreement has been reached.
  • Dow Jones reported about an hour ago that TRP and Columbia Pipeline (CPGX +15.8%) were in merger talks; TRP is just now coming off a trading halt, while CPGX continues to climb.
  • A deal for CPGX would give TRP significant natural gas assets in the northeastern U.S.

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