TC Energy & TC PipeLines LP Complete Merger
TC Energy Corporation and TC PipeLines LP announced that they have completed the previously announced 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.
Effective today, TCP unitholders are entitled to receive 0.70 common shares of TC Energy for each TCP common unit held.
Also effective today, the TCP common units will no longer be listed for trading on the New York Stock Exchange. Common shares of TC Energy will continue to trade on both the NYSE and the Toronto Stock Exchange under the symbol TRP.