TC Energy Shareholders Vote To Spin Off Liquids Pipeline Business Into New Company South Bow Corp
Portfolio Pulse from Benzinga Newsdesk
TC Energy shareholders have voted to spin off the company's liquids pipeline business into a new entity named South Bow Corp. This strategic move aims to streamline operations and potentially unlock shareholder value.
June 04, 2024 | 2:21 pm
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TC Energy (TRP) shareholders have approved the spin-off of the company's liquids pipeline business into a new entity, South Bow Corp. This strategic move is expected to streamline operations and potentially unlock shareholder value.
The spin-off of the liquids pipeline business into South Bow Corp is a significant strategic move for TC Energy. It is expected to streamline operations and potentially unlock shareholder value, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100