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Friday, September 19, 2014

Market Chatter-Corporate finance press digest - Sept 19, (NYSE: TRP)

The following corporate finance-related stories were reported by media:* Canada, which has seen a fair share of U.S. activist investors cross the border in the last years, may soon have more of them knocking on its door. Calgary-based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38 billion pipeline operator as a break-up candidate, people close to the matter said.

TransCanada Corporation (TransCanada) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy. Shares of TRP traded higher by 3.76% or $2.01/share to $55.52. In the past year, the shares have traded as low as $42.21 and as high as $57.10. On average, 1105500 shares of TRP exchange hands on a given day and today's volume is recorded at 9426255.