How much will TransAlta renewables pay its shareholders?

The power utility says the total consideration to be paid to TransAlta Renewables shareholders for the 40 per cent stake it does not already own is valued at $1.38 billion. Under the proposal, TransAlta Renewable shareholders will receive 1.0337 common shares of TransAlta or $13 in cash for each share they hold.

Who is TransAlta Renewables Inc?

About TransAlta Renewables Inc. TransAlta Renewables Inc. is among the largest of any publicly traded renewable independent power producers (IPP) in Canada.

Does TransAlta own a minority stake?

CALGARY - TransAlta Corp. says it has signed an agreement to acquire the minority stake in TransAlta Renewables Inc. that it does not already own in a deal it says will help simplify its structure and improve its strategic position. The deal would reverse its decision to spin off TransAlta Renewables in 2013.

Does TransAlta have a wind farm?

A TransAlta wind farm is shown near Pincher Creek, Alta., Wednesday, March 9, 2016. CALGARY - TransAlta Corp. says it has signed an agreement to acquire the minority stake in TransAlta Renewables Inc. that it does not already own in a deal it says will help simplify its structure and improve its strategic position.

How many RNW shares does TransAlta own?

Additional Information on the Arrangement TransAlta owns 160,398,217 RNW Shares, representing approximately 60.1% of the outstanding RNW Shares. As a result of the Arrangement, TransAlta would issue an estimated 46,441,779 TransAlta Shares, representing approximately 15% of the total number of outstanding TransAlta Shares.

Is Transalta a good company?

Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 111 years, TransAlta has been a responsible operator and a proud community member where its employees work and live.