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TransCanada completes $13bn acquisition of Columbia Pipeline Group

TSX-listed oil and natural gas pipeline operator TransCanada has completed its acquisition of NYSE-listed Texas-based Columbia Pipeline Group for $13-billion, including the assumption of about $2.8-billion of debt. Trading in Columbia shares on the NYSE were suspended on Friday, with the group directing the stock exchange to file a Form 25 with the Securities and Exchange Commission on its behalf and to start the delisting of shares in Columbia’s stock from the NYSE.