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TransCanada Faces Spinoff Pressure From Hedge Fund

TransCanada Faces Spinoff Pressure From Hedge Fund

Wall Street Journal 17/11 18:23

New York hedge fund Sandell Asset Management suggested Monday that TransCanada could boost its share price by 31% if it spun off its power-generation business and accelerated the transfer of more U.S. pipeline assets into a more tax-efficient structure.

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