A little more than a year after NiSource started its pursuit of Columbia Energy Group, the merger is nearing completion. Seven out of nine states have completed the necessary regulatory actions, and the proposed union is on the docket for a vote at FERC’s next regular meeting, Wednesday, July 12, (see Daily GPI, June 8, 1999).
Pursuit
Articles from Pursuit
ANR Continues Pursuit of Wisconsin Markets
A week after receiving Federal Energy Regulatory Commission(FERC) approval of the first phase of its Wisconsin 2000 ExpansionProject, Coastal’s ANR Pipeline announced plans to continueexpanding its pipeline given sufficient market demand.
March 2, 2000
NiSource Drops Offer But Continues Pursuit of Columbia
NiSource dropped its hostile $74/share tender offer ($6.1billion) for all of the outstanding common stock of Columbia EnergyGroup (CG) last week and said it will return the 47,576,897 CGshares, representing 58.6% of the Columbia shares outstanding, toshareholders. It doesn’t mean, however, that NiSource is giving up.On the contrary, the company said it intends to continue thenegotiation and bidding process set up by Columbia’s board.
February 21, 2000
Prices Up, But Bears are in Hot Pursuit
Although yesterday afternoon was filled with bearish weather andfutures market news, an early morning futures screen rally combinedwith large price jumps in the Northeast to lead most points on thesurvey to increases of a few cents to more than a nickel.
February 17, 2000
NiSource Drops Offer But Continues Pursuit of Columbia
NiSource dropped its hostile $74/share tender offer ($6.1billion) for all of the outstanding common stock of Columbia EnergyGroup (CG) yesterday and said it will return the 47,576,897 CGshares, representing 58.6% of the Columbia shares outstanding, toshareholders. This does not mean it’s giving up, however. On thecontrary, NiSource said it intends to continue the negotiation andbidding process set up by Columbia’s board.
February 15, 2000
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