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| 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 | 0.00% | 48.54 | 48.54 | 48.68 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
By Michael Dabaie
TC PipeLines LP shares were up 11% to $28.66 in afternoon trading.
TC Energy Corp. before the market open said it made an offer to acquire all common units of TC PipeLines LP in a deal that values the company at about $1.5 billion.
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 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 14:01 ET (18:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year TC Energy Chart |
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