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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Columbia Pipeline Group Inc (NYSE: CPGX) acted responsibly on behalf of investors’ profitability in the planned $13 Billion sale to TransCanada Corporation (NYSE: TRP).
On March 17, 2016, Columbia Pipeline Group Inc (NYSE: CPGX) and TransCanada Corporation (NYSE: TRP) announced that they had entered into a merger agreement. Under the terms of the merger agreement, TransCanada will offer Columbia Pipeline shareholders $25.50 per share in cash for all outstanding shares.
Based in Houston, Texas, Columbia Pipeline Group Inc owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets.
The investigation is looking to uncover whether Columbia Pipeline Group Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $29.00 per share.
If you purchased Columbia Pipeline Group Inc (NYSE: CPGX) prior to March 17, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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