|
|
Article: LS Power and Global Infrastructure Partners Jointly Propose Acquisition of TransAlta for C$39 per Share.
- Article from:
- PR Newswire
- Article date:
- July 21, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Proposal would provide a 21 percent premium to TransAlta shareholders as of the close of markets on Friday July 18, 2008
TransAlta headquarters and corporate infrastructure would remain in Alberta
Support of TransAlta Board of Directors and management sought for transaction
NEW YORK CITY, July 21 /PRNewswire/ -- LS Power Equity Partners (LS Power) and Global Infrastructure Partners (GIP) today announced that they have jointly made a proposal (see letter attached) to TransAlta Corporation (TSX:TA, NYSE:TAC) to acquire all outstanding TransAlta common stock for a price per share of C$39 in an all-cash transaction. The proposal represents a 21 ...