Columbia shareholders tender shares:
As of August 6, Columbia Energy Group shareholders tendered more than 60 percent of Columbia`s common shares outstanding. NiSource is now extending its $68 per share cash tender offer for shares of Columbia to October 15. Columbia`s board has rejected NiSource`s offer as inadequate, saying the company is not for sale and that regulators likely would not approve the deal. Columbia contends a $5.7 billion hostile bid would cripple both companies with massive debt and reduced earnings.
