TC Energy to Appeal $199M Pymt Related to Columbia Pipeline Lawsuit

TransCanada Corporation, which renamed itself TC Energy in 2019, made a play for and bought out/merged with U.S.-based Columbia Pipeline Group in 2016 (see TransCanada and Columbia Pipeline Tie the Knot Today). TransCanada paid $13 billion for Columbia, including the assumption of $2.8 billion of debt. TransCanada paid Columbia shareholders $25.50 per share in cash.

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