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Tuesday, September 23, 2014

Deals of the day- Mergers and acquisitions, (TSE: VSN.TO)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday: ** Veresen Inc, a Canadian pipeline company developing the Jordan Cove liquefied natural gas facility in Oregon, said on Monday that it had agreed to acquire Global Infrastructure Partners' half interest in the Ruby pipeline system for $1.43 billion.** Pakistan's government is seeking to raise about $815 million with the sale of shares in Oil & Gas Development Co Ltd (OGDC), the largest offering from a local company in almost eight years.

Veresen Inc. is a Canadian corporation, which manages its pipeline transportation, midstream services, and power generation businesses. Shares of VSN fell by 1.49% or $-0.26/share to $17.17. In the past year, the shares have traded as low as $11.80 and as high as $19.80. On average, 441136 shares of VSN.TO exchange hands on a given day and today's volume is recorded at 607241.