TransAlta reaches deal with Competition Bureau to address Heartland deal concerns [BNN Bloomberg (Canada)]
TransAlta Corporation Ordinary Shares (TAC)
Last transalta corporation ordinary shares earnings: 3/4 07:00 am
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Source: BNN Bloomberg
Under the agreement, TransAlta has agreed to sell Heartland's Poplar Hill and Rainbow Lake electricity generating businesses in Alberta. The sale will be made to one or more independent purchasers to be approved by the Commissioner of Competition in a move to resolve the competition concerns arising from the proposed transaction. As a result of the change, TransAlta and Energy Capital Partners, the seller of Heartland, have agreed to an $80-million purchase price reduction to reflect the required divestitures. The deal is now valued at $542 million, including the assumption of $232 million in debt. The revised transaction price will be further reduced by about $80 million following closing of the transaction, to reflect the economic benefit of the Heartland business arising since Oct. 31, 2023, which is payable to TransAlta, consistent with the original terms of the deal. Energy Capital Partners will be entitled to receive the proceeds from the sale of Poplar Hill and Rainbow
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News
- TransAlta reaches deal with Competition Bureau to address Heartland deal concerns [Yahoo! Finance Canada]Yahoo! Finance Canada
- TransAlta reaches deal with Competition Bureau to address Heartland deal concerns [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Competition Bureau reaches agreement with TransAlta to preserve competition in wholesale electricity supply in Alberta [Yahoo! Finance]Yahoo! Finance
- TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million [Canadian Business Journal (Canada)]Canadian Business Journal
- TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million [Yahoo! Finance]Yahoo! Finance
TAC
Earnings
- 11/5/24 - Beat
TAC
Sec Filings
- 11/14/24 - Form 6-K
- 11/5/24 - Form 6-K
- 11/5/24 - Form 6-K
- TAC's page on the SEC website