TransAlta Corp T.TA

Alternate Symbol(s): TAC | T.TA.PR.E | TRNTF | T.TA.PR.D | TACPF | T.TA.PR.F | TSLTF | T.TA.PR.H | T.TA.PR.J | T.TA.PR.G

Utilities Utilities - Independent Power Producers

TransAlta Corporation owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia. It provides municipalities, medium and large industries, businesses and utility customers with affordable, energy-efficient and reliable power. It also produces wind power and hydro-electric power. Its segments include Hydro, Wind & Solar, Gas, Energy Transition, Energy Marketing, and Corporate. It has a diversified fleet of hydro, wind, solar, natural gas, and cogeneration generate 7,300 megawatt of electricity. It delivers renewable energy solutions for large scale commercial partners, including tech companies. It operates a fleet of electrical power generation assets, including Antrim Wind Project, Ardenville Wind Facility, Old Town Wind Project, Pinnacle Project, SunHills Solar Project, Fortescue River Gas Pipeline, and others. The Antrim Wind Project is situated on over 1,700 acres of land located in Hillsborough County, New Hampshire.

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TransAlta Corp

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Comment by scissors14on Apr 21, 2007 8:38pm

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Post# 12652946

RE: TransAlta stock soars on rumours of takeover

TransAlta Shares Gain on Private Equity Speculation FP Trading Desk submits: Shares of TransAlta Corp. (TAC) were up C$1.38 to $26.64 at around 12:20 p.m. ET on Friday as the market appeared to be reacting to merger and acquisition speculation. The stock climbed more than C$2, or 8%, earlier in the day. Desjardins Securities analyst Daniel Shteyn, who said he had no information suggesting there is a bid on the table, said a private equity player would be a more likely candidate than a strategic player to buyout TransAlta given recent transactions in the utility space. He added that this merger and acquisition speculating is warranted given TransAlta's favorable financial position. Joel Thompson, TransAlta's director of communications said the company is not active in any takeover discussions, but suggested some of the speculation may be a result of the company's discount relative to U.S. competitors.

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