Posted AT 3:52 PM EDT on 05/05/08
TransCanada to sell $1.1-billion of shares
CALGARY — — TransCanada Corp. plans to issue $1.1-billion of shares to help fund its acquisition of the Ravenswood power plant in New York and construction of the Keystone oil pipeline, it said Monday.
The company, Canada's biggest pipeline and electricity plant operator, said it will sell 30.2 million shares at $36.50 each.
Underwriters have the option of buying another 4.
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