TransCanada to Acquire Columbia Pipeline Group for US$13 Billion
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TransCanada (TRP) Enters Bought Deal for 92M Subscription Receipts at $45.75/Receipt
March 17, 2016 4:36 PM EDTTransCanada Corporation (NYSE: TRP) announced that it has entered into an agreement with a syndicate of underwriters (the Underwriters) led by RBC Capital Markets and TD Securities Inc. under which they have agreed to purchase from TransCanada and sell to the public 92.0 million Subscription Receipts at a price of $45.75 per Subscription Receipt for total gross proceeds of $4.209 billion (the Offering). The Subscription Receipts will be offered to the public in Canada and the United States through the Underwriters or their affiliates. TransCanada has also granted the Underwriters an option to purchase up to an... More
