Terasen Inc

U.S. pipeline operator Kinder Morgan Inc. said Monday that it had reached a deal to buy Canada's Terasen Inc. for $3.1 billion in a move that would enable it to take advantage of growing Canadian energy production. The purchase, one of the largest-ever U.S. acquisitions in Canada, also would call on Kinder Morgan to take on $2.5 billion in Terasen's debt.

U.S. pipeline operator Kinder Morgan Inc. said Monday that it had reached a deal to buy Canada's Terasen Inc. for $3.1 billion in a move that would enable it to take advantage of growing Canadian energy production. The purchase, one of the largest-ever U.S. acquisitions in Canada, also would call on Kinder Morgan to take on $2.5 billion in Terasen's debt.