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Pipeline Investors Win $1 Per Share In Massive Chancery Win

Law 360 M&A

Canadian energy company TC Energy Corp. shareholders $1 per share for breaches of fiduciary duty during Columbia's $13 billion merger with TC Energy's predecessor TransCanada Corp., owes former Columbia Pipeline Group Inc.

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TC Energy Balks At $3B Damages Bid In Pipeline Merger Suit

Law 360 M&A

Canadian energy company TC Energy Corp. billion in rescissory damages stemming from an allegedly unfair $13 billion merger with TC Energy's predecessor TransCanada Corp. pushed back Tuesday on a suggestion from former Columbia Pipeline Group Inc.

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TC Energy Sells Stake In Columbia Gas Pipelines For $3.9B

Law 360 M&A

Canadian natural gas company TC Energy Corp. on Monday announced that it is selling a 40% equity interest in Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.9 billion) to New York-headquartered infrastructure investor Global Infrastructure Partners, in a deal built by two firms.

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TC Energy CEO Insists Columbia Deal Was Fair At Del. Trial

Law 360 M&A

The chief executive of TC Energy Corp. per-share sale to the Canadian energy company's predecessor TransCanada Corp. fended off questions Monday from former Columbia Pipeline Group Inc. shareholders about negotiations leading up to the pipeline's $13 billion, $25.50-per-share

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Keeping Up With M&A Case Law – Spotlight on Recent Delaware Decisions

Cooley M&A

Signal Companies , the Chancery Court said that the answer depended on “whether the sale of assets is quantitatively vital to the operation of the corporation and is out of the ordinary and substantially affects the existence and purpose of the corporation.” The facts Plaintiffs in In re Oracle Corp. The short answer: no.

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