Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings


NiSource $NI completes distribution of $CPGX

NiSource (NI) and Columbia Pipeline Group (CPGX) announced that the separation of the two companies was completed successfully through a distribution of all the common stock of CPG held by NiSource to NiSource shareholders.

Under the terms of the distribution, effective at 11:59 p.m., New York City time, on July 1, 2015, NiSource shareholders were distributed one (1) share of CPG stock for every one (1) share of NiSource common stock they held as of 5:00 p.m. CT on June 19, 2015, the record date.

Beginning with 7/1 market open, CPG will begin “regular way” trading on the NYSE as an independent public company under the symbol “CPGX.” Source

Get Documents via Email

Document search By Category