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Chancery Tosses Challenge To $13B TransCanada Merger Deal

By Matt Chiappardi (March 7, 2017, 6:10 PM EST) -- A Delaware Chancery judge on Tuesday threw out a challenge to Columbia Pipeline Group Inc.'s spinoff and $13 billion sale to TransCanada Corp., ruling that suing shareholders' claims that directors and corporate insiders structured the deal to enrich themselves can't overcome stockholders' overwhelming vote to approve the transaction....

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