{"id":449366,"date":"2021-03-03T07:58:05","date_gmt":"2021-03-03T12:58:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449366"},"modified":"2021-03-03T07:58:05","modified_gmt":"2021-03-03T12:58:05","slug":"tc-energy-and-tc-pipelines-lp-complete-merger","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/","title":{"rendered":"TC Energy and TC PipeLines, LP complete merger"},"content":{"rendered":"<div class=\"mw_release\">\n<p>CALGARY, Alberta, March  03, 2021  (GLOBE NEWSWIRE) &#8212; News Release \u2013 TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated December 14, 2020. The Merger resulted in TC Energy acquiring all of the outstanding publicly-held common units of TCP and TCP becoming an indirect, wholly owned subsidiary of TC Energy.<\/p>\n<p>\u201cWe are pleased to have received majority unitholder approval of the merger of TC PipeLines into TC Energy,\u201d said Fran\u00e7ois Poirier, TC Energy\u2019s President and Chief Executive Officer.\u00a0\u201cThe merger will simplify and streamline our corporate structure and increase TC Energy\u2019s ownership in its core portfolio of critical energy infrastructure.\u201d<\/p>\n<p>Effective today, TCP unitholders are entitled to receive 0.70 common shares of TC Energy for each TCP common unit held.<\/p>\n<p>Also effective today, the TCP common units will no longer be listed for trading on the New York Stock Exchange (NYSE). Common shares of TC Energy will continue to trade on both the NYSE and the Toronto Stock Exchange under the symbol TRP.<\/p>\n<p>\n        <strong>About TC Energy<\/strong><br \/>\n        <br \/>We are a vital part of everyday life \u2014 delivering the energy millions of people rely on to power their lives in a sustainable way.\u00a0Thanks to a safe, reliable network of natural gas and crude oil pipelines, along with power generation and storage facilities, wherever life happens \u2014 we\u2019re there. Guided by our core values of safety, responsibility, collaboration and integrity, our 7,500 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico.<\/p>\n<p>TC Energy\u2019s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at\u00a0<a href=\"https:\/\/www.tcenergy.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TCEnergy.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as \u201canticipate\u201d, \u201cexpect\u201d, \u201cbelieve\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201cestimate\u201d, \u201cintend\u201d or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management\u2019s assessment of TC Energy&#8217;s and its subsidiaries\u2019 future plans and financial outlook. All forward-looking statements reflect TC Energy\u2019s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy\u2019s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.\u00a0<\/p>\n<p>\n        <strong>Media Inquiries:<\/strong><br \/>\n        <br \/>Jaimie Harding \/ Hejdi Carlsen<br \/>403-920-7859 or 800-608-7859<\/p>\n<p>\n        <strong>Investor &amp; Analyst Inquiries:<\/strong><br \/>\n        <br \/>David Moneta \/ Hunter Mau<br \/>403-920-7911 or 800-361-6522<\/p>\n<p>PDF available:\u00a0<a href=\"http:\/\/ml.globenewswire.com\/Resource\/Download\/76dd9729-40cc-4441-bb54-6e31cd8ffa76\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/ml.globenewswire.com\/Resource\/Download\/76dd9729-40cc-4441-bb54-6e31cd8ffa76<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4MzY3MCM0MDQ1MTUzIzIwOTQ5ODc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/c6a0514c-66e7-4335-a2ed-8297310d2d5b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) &#8212; News Release \u2013 TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated December 14, 2020. The Merger resulted in TC Energy acquiring all of the outstanding publicly-held common units of TCP and TCP becoming an indirect, wholly owned subsidiary of TC Energy. \u201cWe are pleased to have received majority unitholder approval of the merger of TC PipeLines into TC Energy,\u201d said Fran\u00e7ois Poirier, TC Energy\u2019s President and Chief Executive Officer.\u00a0\u201cThe merger will simplify and streamline our corporate structure and increase TC Energy\u2019s ownership in its core &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TC Energy and TC PipeLines, LP complete merger&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449366","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TC Energy and TC PipeLines, LP complete merger - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TC Energy and TC PipeLines, LP complete merger - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) &#8212; News Release \u2013 TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated December 14, 2020. The Merger resulted in TC Energy acquiring all of the outstanding publicly-held common units of TCP and TCP becoming an indirect, wholly owned subsidiary of TC Energy. \u201cWe are pleased to have received majority unitholder approval of the merger of TC PipeLines into TC Energy,\u201d said Fran\u00e7ois Poirier, TC Energy\u2019s President and Chief Executive Officer.\u00a0\u201cThe merger will simplify and streamline our corporate structure and increase TC Energy\u2019s ownership in its core &hellip; Continue reading &quot;TC Energy and TC PipeLines, LP complete merger&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T12:58:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4MzY3MCM0MDQ1MTUzIzIwOTQ5ODc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tc-energy-and-tc-pipelines-lp-complete-merger\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tc-energy-and-tc-pipelines-lp-complete-merger\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TC Energy and TC PipeLines, LP complete merger\",\"datePublished\":\"2021-03-03T12:58:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tc-energy-and-tc-pipelines-lp-complete-merger\\\/\"},\"wordCount\":570,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tc-energy-and-tc-pipelines-lp-complete-merger\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4MzY3MCM0MDQ1MTUzIzIwOTQ5ODc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tc-energy-and-tc-pipelines-lp-complete-merger\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tc-energy-and-tc-pipelines-lp-complete-merger\\\/\",\"name\":\"TC Energy and TC PipeLines, LP complete merger - 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The Merger resulted in TC Energy acquiring all of the outstanding publicly-held common units of TCP and TCP becoming an indirect, wholly owned subsidiary of TC Energy. \u201cWe are pleased to have received majority unitholder approval of the merger of TC PipeLines into TC Energy,\u201d said Fran\u00e7ois Poirier, TC Energy\u2019s President and Chief Executive Officer.\u00a0\u201cThe merger will simplify and streamline our corporate structure and increase TC Energy\u2019s ownership in its core &hellip; Continue reading \"TC Energy and TC PipeLines, LP complete merger\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-03T12:58:05+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4MzY3MCM0MDQ1MTUzIzIwOTQ5ODc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TC Energy and TC PipeLines, LP complete merger","datePublished":"2021-03-03T12:58:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/"},"wordCount":570,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4MzY3MCM0MDQ1MTUzIzIwOTQ5ODc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tc-energy-and-tc-pipelines-lp-complete-merger\/","name":"TC Energy and TC PipeLines, LP complete merger - 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