BUZZ-Columbia Pipeline: Record intraday pct gain on TransCanada deal talks

Thu Mar 10, 2016 12:41pm EST
 
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** U.S. natural gas pipeline operator's shares up 13.97 pct $22.51

** Shares rise as much as 18.48 pct, Biggest intraday pct gain ever

** TransCanada Corp in talks to buy company, a person familiar with the matter told Reuters

** The deal could be announced in weeks and is likely to be valued at over $10 bln, the Wall Street Journal reported (bit.ly/222Zbcg)

** TransCanada's shares were down 1.89 pct at C$48.27 and its U.S.-listed shares were down 3 pct at $35.99 before being halted

** Up to Wednesday's close, shares of Columbia Pipeline had fallen 37.40 pct since June 17, 2015 when it was spun off by NiSource Inc