Quote:
ransAlta Corp. is the target of an American private-equity takeover valued at about $7.8 billion -- $39 per share in cash. The Alberta-based power generator has received a non-binding approach from LS Power Equity Partners, which is a related company to hedge fund Luminus Management LLC, and Global Infrastructure Partners, a joint venture of Credit Suisse and General Electric Co.
TransAlta said its board "will carefully consider the letter and will respond in due course."
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http://www.ctv.ca/servlet/ArticleNew...721?hub=Canada
Quote:
The proposed bid comes just months after Luminus publicly attacked the management of TransAlta chief executive officer Steve Snyder, who favours building new facilities to replace the company's aging coal plants.
Luminus instead pushed for a more aggressive strategy of taking on debt for acquisitions while returning cash to shareholders, but failed to attract support from other investors.
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http://www.reportonbusiness.com/serv.../Business/home
I know CP has some posters who like to discuss takeovers.