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Stock Market & Financial Investment News

News Breaks
January 20, 2014
08:03 EDTTRPTransCanada sells Cancarb to Tokai for $190M
TransCanada announced it has reached an agreement to sell Cancarb and its related power generation facility to Tokai Carbon Co., Ltd. for aggregate gross proceeds of $190M, plus customary adjustments. The transaction is expected to close late in Q1, subject to various approvals. TransCanada says the sales allows it to capitalize on current market conditions and better align its asset base with the company's strategic direction, which is focused on large-scale pipeline and power generation projects in Canada, the United States and Mexico. J.P. Morgan Securities acted as the exclusive financial advisor on the transaction.
News For TRP From The Last 14 Days
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January 29, 2015
16:10 EDTTRPTransCanada Keystone pipeline bill passed by Senate, Bloomberg reports
January 21, 2015
06:24 EDTTRPTransCanada takes legal action to secure Keystone XL route, AP says
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January 20, 2015
07:17 EDTTRPTransCanada upgraded to Buy from Hold at TD Securities
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