Skip to content

TC Energy to Acquire All Outstanding Common Units of TC PipeLines

Vinson & Elkins advised TC Energy Corporation (TC Energy) in its agreement with TC PipeLines, LP (TCP or the Partnership) to acquire all the outstanding common units of TCP not beneficially owned by TC Energy or its affiliates in exchange for TC Energy common shares. The exchange ratio reflects a value for all the publicly-held common units of TCP of approximately $1.68 billion based on the closing price of TC Energy’s common shares on December 14, 2020.

The V&E corporate team was led by partner Gillian Hobson with counsel Chris Mathiesen and assistance from associates David Bumgardner, Alex Lewis, Madison Guidry and Brandon Brunet. Also advising were partners Ryan Carney and Natan Leyva and associate Christine Mainguy; partner Shane Tucker and senior associate Missy Spohn; counsel Larry Pechacek; partner Hill Wellford and associate Ryan Will; partner Damara Chambers and associate John Satira; and partner Craig Zieminski.

For more information, please speak with our media contacts.