TransAlta and Canadian Hydro Developers reach agreement on acquisition at $5.25 cash per sharePre-Acquisition Agreement • October 5th, 2009 • Transalta Corp • Electric services
CALGARY, Alberta (October 5, 2009) – TransAlta Corporation (TSX: TA; NYSE: TAC) and Canadian Hydro Developers, Inc. (TSX: KHD) have entered into a definitive pre-acquisition agreement (the "Agreement") pursuant to which TransAlta's wholly-owned subsidiary will amend its existing offer (the "Amended Offer") to acquire all of the issued and outstanding common shares of Canadian Hydro. The Amended Offer will provide for $5.25 per share in cash. The Amended Offer, which has a total value of approximately $1.6 billion, has the unanimous support of the Boards of Directors of both companies.
