Economics

TransCanada Corp could be target of activist U.S. hedge funds — including Daniel Loeb’s Third Point

CALGARY • Pipeline giant TransCanada Corp., the proponent of the controversial Keystone XL pipeline from Alberta to Texas, could be the next Canadian target of U.S. activist hedge funds looking to boost value through a breakup. The company’s shares have been strong despite KXL’s continuing setbacks, and gained 3.31% on the breakup speculation to reach $60.81…
TransCanada Corp could be target of activist U.S. hedge funds – including Daniel Loeb’s Third Point