Oct. 21, 2015, 3:55 PM
- TransAlta (TAC +0.4%) has held talks with more than one potential suitor in the past several months and was near a sale to a group of buyers last week before the deal fell through, Bloomberg reports.
- TAC, which owns more than 70 power plants in Canada, the U.S. and Australia, has seen its stock plunge 44% since the end of April amid price-fixing charges, rising carbon costs and C$4.2B of debt.
TransAlta Corp. is a wholesale power generator and marketer. It focuses on generating electricity in Canada, the United States and Australia through diversified portfolio of facilities fuelled by coal, natural gas, hydroelectric, wind and geothermal resources. The company operates through three... More
Industry: Electric Utilities
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