Deals
TransCanada Seen Eyeing Path to U.S. Shale Gas in Deal Talks
- Columbia rises as much as 18 percent after report of talks
- TransCanada said in November it may consider Marcellus buy
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Four months after seeing its Keystone XL oil pipeline plans rebuffed, TransCanada Corp. may be ready to expand again in the U.S. -- this time by buying instead of building lines.
Canada’s second-largest pipeline operator has held talks with Columbia Pipeline Group Inc. about a potential takeover, though discussions are now at a standstill and a deal is less likely to happen, according to people familiar with the matter who asked not to be identified as it isn’t public. TransCanada said it’s in talks about a deal with an unidentified company on Thursday, after the Wall Street Journal reported it’s negotiating a potential takeover of Columbia.