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Following a transformational year that saw TransCanada acquire Columbia Pipeline Group and post record-setting financial results, the company’s strong performance has continued into this year.\r\rThat is the message from President & CEO Russ Girling as TransCanada reported its first quarter results and holds its annual meeting of shareholders in Calgary today.
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TransCanada’s natural gas pipelines president, Karl Johannson, says company’s $13 billion acquisition of Columbia Pipeline Group – completed last week – is a game changer.
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The largest business transaction TransCanada, has undertaken since merging with NOVA in 1998 was unveiled today, as an agreement was reached to acquire Columbia Pipeline Group.
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TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has entered into an agreement and plan of merger pursuant to which it will acquire Columbia Pipeline Group, Inc. (NYSE:CPGX or Columbia), a Houston, Texas-based company that operates an approximate 24,000-kilometre (km) (15,000-mile) network of interstate natural gas pipelines extending from New York to the Gulf of Mexico, with a significant presence in the Appalachia production basin.