TransCanada to Acquire Columbia Pipeline Group for $25.50 Per Share

Go back to TransCanada to Acquire Columbia Pipeline Group for $25.50 Per Share

Barclays Downgrades Columbia Pipeline Partners, L.P. (CPPL) to Equalweight

March 18, 2016 7:00 AM EDT

Barclays downgraded Columbia Pipeline Partners, L.P. (NYSE: CPPL) from Overweight to Equalweight with a price target of $15.00.

For an analyst ratings summary and ratings history on Columbia Pipeline Partners, L.P.... More

Jefferies Downgrades Columbia Pipeline Group (CPGX) to Hold Following Takeover

March 18, 2016 6:54 AM EDT

Jefferies downgraded Columbia Pipeline Group (NYSE: CPGX) from Buy to Hold with a price target of $25.50 after the company agreed to be acquired by TransCanada.

For an analyst ratings summary and ratings history on Columbia Pipeline Group... More

Credit Suisse Upgrades Columbia Pipeline Partners, L.P. (CPPL) to Outperform

March 18, 2016 6:36 AM EDT

Credit Suisse upgraded Columbia Pipeline Partners, L.P. (NYSE: CPPL) from Neutral to Outperform with a price target of $23.00 after TransCanada Corporation (NYSE: TRP) entered into an agreement to acquire Columbia Pipeline Group (NYSE; CPGX).

For an... More

TransCanada (TRP) Enters Bought Deal for 92M Subscription Receipts at $45.75/Receipt

March 17, 2016 4:36 PM EDT

TransCanada Corporation (NYSE: TRP) announced that it has entered into an agreement with a syndicate of underwriters (the Underwriters) led by RBC Capital Markets and TD Securities Inc. under which they have agreed to purchase from TransCanada and sell to the public 92.0 million Subscription Receipts at a price of $45.75 per Subscription Receipt for total gross proceeds of $4.209 billion (the Offering). The Subscription Receipts will be offered to the public in Canada and the United States through the Underwriters or their affiliates. TransCanada has also granted the Underwriters an option to purchase up to an... More