Barclays Downgrades Columbia Pipeline Partners, L.P. (CPPL) to Equalweight
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Credit Suisse Upgrades Columbia Pipeline Partners, L.P. (CPPL) to Outperform
March 18, 2016 6:36 AM EDTCredit 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) to Acquire Columbia Pipeline Group (CPGX) in $13B Deal
March 17, 2016 4:31 PM EDTTransCanada Corporation (NYSE: TRP) (TransCanada) today announced it has entered into an agreement and plan of merger pursuant to which it will acquire Columbia Pipeline Group, Inc. (NYSE: CPGX), a Houston, Texas-based company that operates an approximate 24,000-kilometre (km) (15,000-mile) network of interstate natural gas pipelines extending from New York to the Gulf of Mexico, with a significant presence in the Appalachia production basin.
Under the terms of the all-cash deal, unanimously approved by the Boards of Directors of both companies, Columbia shareholders will receive... More
