NiSource Board of Directors approves separation of Columbia Pipeline Group
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NiSource (NI) Announces Receipt of Director Approval for Columbia Pipeline Group Spin
June 2, 2015 4:20 PM EDTNiSource (NYSE: NI) announced that its Board of Directors approved the separation of Columbia Pipeline Group (CPG) from NiSource through a distribution of CPG common stock to NiSource shareholders. In connection with the Board's approval, NiSource confirmed the distribution ratio, record date and distribution date for the separation.
As a result, the following will occur:
The distribution of CPG common stock is expected to be made after the close of trading on the New York Stock Exchange (NYSE) on July 1, 2015 (the "distribution date") to NiSource shareholders of... More