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TransCanada, NOVA Complete Merger
TransCanada PipeLines Limited and NOVA Corp. last week completedtheir merger, the largest ever undertaken by energy companies inCanada. The new TransCanada PipeLines Limited and NOVA Corp. begantrading in Canada July 3. Trading began in the United StatesMonday.
With assets of $21.4 billion, the new TransCanada PipeLines willbe the fourth largest energy services company in North America.TransCanada provides integrated energy transmission, energymarketing and energy processing solutions to customers in NorthAmerica and, to an increasing degree, internationally. Commonshares of the new TransCanada will trade on the Toronto, Montreal,Winnipeg, Vancouver, Alberta and New York stock exchanges under thesymbol TRP.
NOVA Corporation – through its principal subsidiary, NOVAChemicals Ltd. – ranks among North America’s top producers ofethylene, polyethylene, styrene and polystyrene, manufactured at 12facilities in the United States and Canada.
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