Edition:
United Kingdom

TransAlta Corp (TA.TO)

TA.TO on Toronto Stock Exchange

9.42CAD
18 Apr 2019
Change (% chg)

$-0.26 (-2.69%)
Prev Close
$9.68
Open
$9.71
Day's High
$9.74
Day's Low
$9.40
Volume
900,425
Avg. Vol
793,273
52-wk High
$10.14
52-wk Low
$5.44

Latest Key Developments (Source: Significant Developments)

Mangrove Says Intend To Withhold Votes For Transalta Special Committee Members
Thursday, 11 Apr 2019 

April 11 (Reuters) - TransAlta Corp ::MANGROVE PARTNERS ANNOUNCES INTENTION TO WITHHOLD VOTES FOR TRANSALTA SPECIAL COMMITTEE MEMBERS AT UPCOMING ANNUAL MEETING.MANGROVE - ALSO INDICATED IT REMAINS ELIGIBLE TO PUT FORWARD PREVIOUSLY SUBMITTED NOMINEES FOR ELECTION AS DIRECTORS TO TRANSALTA CORP AT 2019 ASM.MANGROVE PARTNERS - REQUESTED THAT ASC, OSC REQUIRE TRANSALTA TO PROVIDE SHAREHOLDERS WITH FULL DISCLOSURES RELATED TO BROOKFIELD TRANSACTION.MANGROVE PARTNERS - SEEKS ORDERS CONDITIONING BROOKFIELD TRANSACTION ON VOTE OF TRANSALTA SHAREHOLDERS NOT HAVING INTEREST IN BROOKFIELD TRANSACTION.  Full Article

Cove Key Bluescape Says Transactions Superior To TransAlta-Brookfield Agreement May Be Available
Tuesday, 26 Mar 2019 

March 26 (Reuters) - TransAlta Corp ::COVE KEY BLUESCAPE HOLDINGS LP ANNOUNCES CHANGES TO EARLY WARNING REPORT REGARDING TRANSALTA CORPORATION.COVE KEY - COOPERATING PARTIES HAVE HAD INSUFFICIENT TIME TO FULLY EVALUATE BROOKFIELD INVESTMENT AGREEMENT.COVE KEY BLUESCAPE - BELIEVE TRANSACTIONS SUPERIOR TO TRANSALTA-BROOKFIELD INVESTMENT AGREEMENT MAY BE AVAILABLE.COVE KEY -CO, MANGROVE PARTNERS, BLUSCAPE ENERGY PARTNERS HAVE NOT YET DETERMINED WHETHER THEY WILL SOLICIT PROXIES FOR ELECTION OF NOMINEES.COVE KEY BLUESCAPE - HAS OWNERSHIP AND CONTROL OF APPROXIMATELY 2.95% OF ISSUED AND OUTSTANDING COMMON SHARES OF TRANSALTA.  Full Article

Transalta Receives Notice Of Mangrove Partner's Intention To Nominate Dissident Board Candidates
Tuesday, 26 Mar 2019 

March 25 (Reuters) - Transalta Corp ::TRANSALTA RECEIVES NOTICE OF MANGROVE PARTNER'S INTENTION TO NOMINATE DISSIDENT BOARD CANDIDATES.MANGROVE PARTNERS INTENDS TO NOMINATE FIVE CANDIDATES FOR ELECTION TO COMPANY'S BOARD OF DIRECTORS.TRANSALTA- SAID IT WILL REVIEW MANGROVE'S NOTICE, CONSIDER SUITABILITY OF ITS NOMINEES AND COMMUNICATE MORE FULLY WITH ITS SHAREHOLDER IN DUE COURSE.CO AND BROOKFIELD TO FORM JOINT OPERATING COMMITTEE, FOR PERIOD OF SIX YEARS.TRANSALTA ANNOUNCED A STRATEGIC $750 MILLION INVESTMENT BY BROOKFIELD RENEWABLE PARTNERS AND ITS INSTITUTIONAL PARTNERS.BROOKFIELD HAS COMMITTED TO PURCHASE TRANSALTA COMMON SHARES ON OPEN MARKET TO INCREASE ITS SHARE OWNERSHIP IN TRANSALTA TO 9%.  Full Article

Transalta announces appointment of Chief Financial Officer
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - TransAlta Corp ::TRANSALTA ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER.TRANSALTA CORP - APPOINTMENT OF CHRISTOPHE DEHOUT TO CHIEF FINANCIAL OFFICER.TRANSALTA CORP - DEHOUT TO REPLACE BRETT GELLNER AS CHIEF FINANCIAL OFFICER.  Full Article

Transalta Renewables Announces The Acquisition Of Three Renewable Assets From Transalta Corp
Thursday, 31 May 2018 

May 31 (Reuters) - TransAlta Renewables Inc ::TRANSALTA RENEWABLES ANNOUNCES THE ACQUISITION OF THREE RENEWABLE ASSETS FROM TRANSALTA CORPORATION, IMPLEMENTATION OF A DIVIDEND REINVESTMENT PLAN AND DECLARES DIVIDENDS.TRANSALTA RENEWABLES INC - TOTAL PURCHASE PRICE FOR THREE ASSETS IS $166 MILLION.TRANSALTA RENEWABLES INC - WILL FUND EQUITY VALUE PORTION OF ACQUISITION USING EXISTING LIQUIDITY.TRANSALTA RENEWABLES INC - EQUITY VALUE OF $104 MILLION REPRESENTS A 10X MULTIPLE OF CAFD AND IS EXPECTED TO BE ACCRETIVE ON A PER SHARE BASIS.TRANSALTA RENEWABLES INC - CO'S BOARD APPROVED IMPLEMENTATION OF A DIVIDEND REINVESTMENT PLAN FOR CANADIAN HOLDERS OF TRANSALTA RENEWABLES.  Full Article

Tidewater Announces Definitive Agreement With TransAlta
Thursday, 22 Mar 2018 

March 22 (Reuters) - Transalta Corp ::TIDEWATER ANNOUNCES DEFINITIVE AGREEMENT WITH TRANSALTA, QUARTERLY DIVIDEND, PROVIDES OPERATIONS UPDATE.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - REITERATES GUIDANCE OF CURRENT RUN RATE ANNUALIZED EBITDA OF $80 MILLION.TIDEWATER - CO, TRANSALTA AGREED IN DEVELOPMENT AGREEMENT TO NEGOTIATE IN GOOD FAITH, EXECUTE REMAINING DEFINITIVE AGREEMENTS OVER 2018 TIMEFRAME.TIDEWATER - ENTERED 5-YEAR, 17.2 NET BCF VOL COMMITMENT WITH INVESTMENT GRADE COUNTERPARTY TO PROCESS RAW GAS VOL OF ABOUT 15 MMCF/D.  Full Article

Transalta Reports Q4 FFO Per Share C$0.76
Friday, 2 Mar 2018 

March 1 (Reuters) - Transalta Corp ::TRANSALTA REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 FFO PER SHARE C$0.76.‍CONFIDENT IN EXECUTION OF PLAN FOR 2018 TO 2020 AND ARE THEREFORE ALLOCATING MORE CAPITAL TO SHAREHOLDERS​.‍TRANSALTA REAFFIRMS ITS FINANCIAL OUTLOOK FOR 2018 WHICH WAS RELEASED ON DECEMBER 6, 2017​.‍BOARD OF DIRECTORS HAS AUTHORIZED REPURCHASES OF UP TO 14 MILLION OF ITS COMMON SHARES​.  Full Article

Transalta Comments On Provincial Carbon Credit Regime
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Transalta Corp ::TRANSALTA COMMENTS ON PROVINCIAL CARBON CREDIT REGIME.  Full Article

TransAlta To Accelerate Transition To Gas And Renewables Generation
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Transalta Corp ::TRANSALTA - BOARD HAS APPROVED ADDITIONAL ELEMENTS TO ACCELERATE TRANSITION TO GAS AND RENEWABLES GENERATION.TRANSALTA - TO ACCELERATE CONVERSION OF SUNDANCE UNITS 3 TO 6, KEEPHILLS UNITS 1 AND 2 FROM COAL-FIRED TO GAS-FIRED GENERATION IN 2021-2022.TRANSALTA - COAL-FIRED PLANTS OPERATED BY CO, ONCE CONVERTED TO GAS, ARE ANTICIPATED TO BE ABLE TO RUN THROUGH TO 2031-2039.TRANSALTA CORP - MOTHBALLING TEMPORARILY A COMBINATION OF SUNDANCE UNITS IN 2018 AND 2019.TRANSALTA CORP - SUNDANCE UNITS 3 TO 6 WILL RE-ENTER MARKET STARTING IN 2020.TRANSALTA - FOR 2018, EXPECT ANNUAL FREE CASH FLOW TO BE IN-LINE WITH 2017 EXPECTED ANNUAL FCF.TRANSALTA - CO ACCELERATED DEBT REDUCTION PLAN & WILL HAVE ADDITIONAL FINANCIAL FLEXIBILITY OVER NEXT 3 YEARS.TRANSALTA CORP SEES 2018 FFO $725 MILLION TO $800 MILLION.TRANSALTA CORP SEES 2018 SUSTAINING CAPITAL $215 MILLION TO $235 MILLION.  Full Article

Tidewater Midstream And Infrastructure Enters Into Agreement With Transalta
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Tidewater Midstream And Infrastructure Ltd ::TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ENTERS INTO AGREEMENT WITH TRANSALTA TO CONSTRUCT AN INTER-ALBERTA PIPELINE NETWORK SUPPORTED BY A 15 YEAR TAKE OR PAY, PROPOSED ISSUANCE OF SENIOR UNSECURED NOTES, ESCROW CLOSE OF DEEP BASIN AND MONTNEY REGION ACQUISITION AND CLOSING OF CREDIT FACILITY INCREASE.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - ‍TIDEWATER INTENDS TO ISSUE A PROPOSED PRIVATE PLACEMENT OF SENIOR UNSECURED NOTES​.TIDEWATER MIDSTREAM - ‍TIDEWATER TO USE NET PROCEEDS FOR ON-PERMANENT REPAYMENT OF INDEBTEDNESS UNDER TIDEWATER'S EXISTING CREDIT FACILITY​.TIDEWATER MIDSTREAM AND INFRASTRUCTURE-PIPELINE IS EXPECTED TO COST ABOUT $150 MILLION AND IS SUPPORTED BY A 15 YEAR TAKE OR PAY AGREEMENT WITH TRANSALTA.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - PIPELINE WILL PROVIDE INITIAL CAPACITY OF 130 MMCF/D BY 2020, AND HAVE EXPANSION CAPABILITY TO 340 MMCF/D.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - UNDER LOI, TRANSALTA HAS OPTION TO INVEST UP TO 50% IN PIPELINE..  Full Article

PRESS DIGEST - Canada - April 12

April 12 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.