CALGARY - Power utility TransAlta Corp. thoroughly investigated other options before signing a $750-million investment deal with Brookfield Renewable Partners and there is no reason to seek to cancel it, says CEO Dawn Farrell. “We know this company inside and out and we know how to construct a deal that makes sense for our shareholders. Brookfield also agreed to purchase TransAlta common shares to increase its stake to nine per cent from the current 4.9 per cent. Article Continued BelowAnalyst Jeremy Rosenfield of Industrial Alliance Securities said in a report on Tuesday that the TransAlta investment is “strategically positive” for Brookfield. TransAlta shares closed Tuesday at $9.51, up eight cents.

Source: thestar March 26, 2019 16:52 UTC