TransCanada Announces CFIUS Clearance for Columbia Acquisition
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 05/16/16 -- News Release - TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced that the Committee on Foreign Investment in the United States (CFIUS) has notified TransCanada and Columbia Pipeline Group Inc. (NYSE: CPGX) (Columbia) that its investigation of TransCanada''s proposed acquisition of Columbia is complete and that there are no unresolved national security concerns.
CFIUS clearance satisfies one of the conditions to the closing of the proposed acquisition. Closing is also subject to the clearance by the United States Federal Trade Commission (FTC) under the Hart-Scott-Rodino Anti-Trust Improvements Act (HSR Act) and the approval of Columbia''s stockholders scheduled for June 22, 2016. TransCanada pulled and refiled its HSR application on May 6, 2016 which set a new 30-day period for review by the FTC.
TransCanada and Columbia continue to anticipate completing the transaction in the second half of 2016.
With more than 65 years'' experience, TransCanada is a in the and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 66,400 kilometres (41,300 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent''s largest providers of gas storage and related services with 368 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10,500 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America''s largest liquids delivery systems. TransCanada''s common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit and to learn more, or and .
FORWARD LOOKING INFORMATION
This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management''s assessment of TransCanada''s and its subsidiaries'' future plans and financial outlook. All forward-looking statements reflect TransCanada''s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to TransCanada''s First Quarter Report to Shareholders dated April 28, 2016 and 2015 Annual Report on our website at or filed under TransCanada''s profile on SEDAR at and with the U.S. Securities and Exchange Commission at .
Contacts:
Media Enquiries:
Mark Cooper / Terry Cunha
403.920.7859 or 800.608.7859
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.05.2016 - 06:00 Uhr
Sprache: Deutsch
News-ID 1435184
Anzahl Zeichen: 3708
contact information:
Contact person:
Town:
CALGARY, ALBERTA
Phone:
Kategorie:
Oil & Gas
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 189 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TransCanada Announces CFIUS Clearance for Columbia Acquisition
"
steht unter der journalistisch-redaktionellen Verantwortung von
TRANSCANADA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
