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

|About: TransCanada Corporation (TRP)|By:, SA News Editor

TransCanada (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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