Buy
Sell
Share Name Share Symbol Market Type
TC Energy Corporation TSX:TRP Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 58.90 58.91 58.91 0 12:20:39

TC Energy Offers to Acquire TC PipeLines

05/10/2020 12:59pm

Dow Jones News


TC Energy (TSX:TRP)
Historical Stock Chart


From Sep 2020 to Nov 2020

Click Here for more TC Energy Charts.

By Michael Dabaie

 

TC Energy Corp. said it made an offer to acquire all common units of TC PipeLines LP.

Under the proposal, TC PipeLines common unitholders would receive 0.650 common shares of TC Energy for each TC PipeLines common unit, for an implied value of $27.31 per common unit.

The proposed exchange ratio values all TC PipeLines publicly held common units at about $1.48 billion, or 35.2 million TC Energy common shares.

TC PipeLines said that since its general partner is an indirect subsidiary of TC Energy, its board will form a conflicts committee to consider the offer.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

October 05, 2020 07:44 ET (11:44 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

1 Year TC Energy Chart

1 Year TC Energy Chart

1 Month TC Energy Chart

1 Month TC Energy Chart
ADVFN Advertorial
Your Recent History
TSX
TRP
TC Energy
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20201127 12:40:31