WSJ: TransCanada in takeover talks with Columbia Pipeline

|About: Columbia Pipeline Partners LP (CPPL)|By:, SA News Editor

TransCanada (TRP -3.6%) is in takeover talks with Columbia Pipeline (CPGX +12.9%), with a deal potentially announced in the coming weeks, WSJ reports.

With a typical takeover premium and including CPGX’s nearly $3B debt load, a deal could be worth well in excess of $10B, according to the report.

The role of Columbia Pipeline Partners (CPPL +2.5%) in any possible deal is not known.

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