|Day Low/High||57.87 / 58.85|
|52 Wk Low/High||19.57 / 61.83|
The buyer plans to pay for the deal with equity offerings and asset sales.
Targa Resources' (TRGP) stock rating was raised to 'overweight' at Barclays on Tuesday.
Analysts were disappointed by the $15.75 per share offer, which is only 2.9% more than CPPL's stock price last Friday and 31.5% below its IPO price last year.
The SEC alleged Wednesday that Cooperman 'generated significant illegal profits' by trading in Atlas Pipeline Partners.
The most recent short interest data has been released for the 08/31/2016 settlement date, which shows a 1,102,726 share increase in total short interest for Targa Resources Corp , to 9,403,951, an increase of 13.28% since 08/15/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
The investments follow a flurry of deals in the region, including DiamondBack Energy Inc.'s purchase of properties in the Delaware Basin from Natural Gas Partners-backed Luxe Energy for $560 million.