TransCanada halted after report of talks to buy Columbia Pipeline Group in deal worth more than $10 billion

TransCanada Corp. is reportedly in talks to buy a Texas-based pipeline company, which would give the company significant natural gas assets in the northeastern United States.

TransCanada, the Calgary-based pipeline company whose Keystone XL project was rejected late last year, issued a statement Thursday confirming that it was in talks with a “third party” about a “potential transaction.”