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Article: TransAlta extends offer for Canadian Hydro Developers, Inc. to October 14, 2009.
- Article from:
- Marketwire Canada
- Article date:
- October 2, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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)
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CALGARY, ALBERTA, Oct 2, 2009 (Marketwire via COMTEX) -- TransAlta Corporation (TSX:TA)(NYSE:TAC) announced today its wholly-owned subsidiary has extended its offer (the "Offer") to acquire all of the issued and outstanding common shares of Canadian Hydro Developers, Inc. for $4.55 per share in cash to 6:00 p.m. (Calgary time) on October 14, 2009, unless withdrawn or extended.
"We continue to believe our offer provides Canadian Hydro shareholders with significant, immediate and certain value for the company's existing assets as well as its future growth potential. To date, no other offer has materialized for Canadian Hydro," said Steve Snyder, TransAlta's Chief ...