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Article: TransAlta announces mailing of notice of variation and extension increasing its offer for Canadian Hydro Developers to $5.25 cash per share and extending to October 20, 2009.
- Article from:
- Marketwire Canada
- Article date:
- October 9, 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 9, 2009 (Marketwire via COMTEX) -- TransAlta Corporation (TSX:TA) (NYSE:TAC) announced today that the notice of variation and extension increasing TransAlta's wholly-owned subsidiary's offer for Canadian Hydro to $5.25 per share and extending the expiry date of the offer to October 20, 2009 is being mailed today to Canadian Hydro shareholders. Included in the mailing is the notice of change to the Canadian Hydro directors' circular which includes the Canadian Hydro Board of Directors' unanimous recommendation to Canadian Hydro shareholders that they accept the increased offer.
On October 5, 2009, TransAlta and Canadian Hydro jointly ...