Lunt, President and Chief Executive Officer of ANG
, stated, "This acquisition provides profitable growth opportunities and demonstrates our ongoing commitment to the natural gas gathering and processing business.
ANG") today announced that it has received an approach from TransCanada Pipelines Limited ("TransCanada") expressing its interest in considering the acquisition of all ANG shares not already owned by TransCanada.
The Board of Directors of ANG has selected an independent committee of directors which will be responsible for dealing with the TransCanada initiative.
Retaining the site and facilitating its re-development allows for the potential recovery by ANG
of a portion of its original investment of approximately $96 million.
Lunt as president and chief executive officer of ANG
's May 9, 1995 Shareholder Meeting.
21, 1994--Alberta Natural Gas Company Ltd ("ANG
"), today announced the sale by ANG
and Olympia & York AMCC Ltd.
Beddome stated, "The recommissioned facility will have an immediate and positive impact on the operating income of ANG