Terasen Shareholders Vote to Sell
By 250 News
Wednesday, October 19, 2005 04:02 AM
Terasen is one step closer to becoming owned by the American company Kinder-Morgan.
Terasen shareholders voted better than 95% in favour of the sale .
Public Relations manager for Terasen, Dean Pelkey, says the vote result was no surprise, but there are still two steps that have to be taken before the deal is final.
Those steps include the BC Utilities Commission approval, and the O.K. from investment Canada.
Terasen is expecting those decisions sometime in November.
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Sight me one case where it has refused a purchase and sale of a 80% canadian owned company?
You can't, because it's never been done before in BC? Or has it?