CALGARY - TransAlta Corp. says Mangrove Partners has withdrawn an application to the Alberta Securities Commission for a hearing related to an investment deal with Brookfield Renewable Partners. Mangrove had sought a joint hearing with the Alberta regulator and the Ontario Securities Commission regarding its desire for a shareholder vote on the Brookfield transaction. ( Larry MacDougal / THE CANADIAN PRESS )However, TransAlta says the Ontario regulator declined to assert jurisdiction, leaving the matter in the hands of the Alberta Securities Commission. Brookfield Renewable Partners and its institutional partners have signed deal to invest $750-million in TransAlta’s hydro assets. Article Continued BelowThe U.S. investors argued the Brookfield deal was “rushed” and prevented TransAlta from looking at potential better options.

Source: thestar April 18, 2019 12:00 UTC