- 4-Week # shares sold: 49,386
- 12-Week # shares sold: 49,386
- 24-Week # shares sold: 49,386
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 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.