TransAlta Takes Over TransAlta Renewables For $1.05B
Portfolio Pulse from Nabaparna Bhattacharya
TransAlta Corporation (NYSE:TAC) has agreed to acquire the remaining shares of TransAlta Renewables Inc for C$1.38 billion, with C$800 million to be paid in cash. The deal represents an 18.3% premium on TransAlta Renewables' closing price as of July 10, 2023. The combined company will have increased trading liquidity and access to more efficient capital. The acquisition is expected to be completed in Q4 2023.
July 12, 2023 | 12:48 pm
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TransAlta's acquisition of TransAlta Renewables could lead to increased trading liquidity and access to more efficient capital, potentially boosting the company's stock.
The acquisition of TransAlta Renewables by TransAlta Corporation could lead to increased trading liquidity and access to more efficient capital for the company. This could potentially boost the company's stock as it may be seen as a positive move by investors.
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