- 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.