Alberta Natural Gas today announced that TransCanada Pipelines has advised that it proposes to offer to purchase all of the shares of ANG.CALGARY, Alberta--(BUSINESS WIRE)--Jan. 19, 1996-- Alberta Natural Gas Company Ltd. (ANG ANG In currencies, this is the abbreviation for the NL Antillian Guilder. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) today announced that TransCanada PipeLines The TransCanada pipeline is a system of natural gas pipelines, up to 48 inches (1219 millimetres) in diameter, that carries gas through Alberta, Saskatchewan, Manitoba, Ontario and Quebec. It is maintained by TransCanada PipeLines, LP. It is the longest pipeline in Canada. Limited (TCPL) has advised it that TCPL proposes to offer to purchase all of the shares of ANG not already owned by TCPL at a price of $25.75 per share, payable either in cash or TCPL common shares. ANG is calling a meeting of its Board of Directors to consider TCPL's proposed offer. ANG is a Calgary based corporation engaged in specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. and natural gas gathering, processing, marketing, storage and transportation. ANG's common shares are listed on the Toronto, Montreal, Vancouver and Alberta stock exchanges Alberta Stock Exchange See Canadian Venture Exchange (CDNX). and trade under the symbol ANG. CONTACT: David M. Dominy, Chief Financial Officer, 403/691-7840 |
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