March 22, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Columbia Pipeline Group Inc (NYSE:CPGX), was announced concerning whether the takeover of Columbia Pipeline Group Inc by TransCanada Corporation for $25.50 per share is unfair to NYSE:CPGX stockholders.

The investigation by a law firm concerns whether certain officers and directors of Columbia Pipeline Group Inc breached their fiduciary duties owed to NYSE:CPGX investors in connection with the proposed acquisition.

On March 17, 2016, Columbia Pipeline Group, Inc. (NYSE: CPGX) announced that it has entered into an agreement to be acquired by TransCanada Corporation for $25.50 per share in cash.

However, given that NYSE:CPGX shares traded in in June 2015 as high as $33.00 per share, the investigation concerns whether the offer is unfair to NYSE:CPGX stockholders. More specifically, the investigation concerns whether the Columbia Pipeline Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.