Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: MarketLine (a Datamonitor Company)
$175.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00
Provider: S&P Capital IQ – STARS Reports
$127.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Transalta Corp Announces Pricing Of $200 Million TransAlta Renewables Inc Initial Public Offering


Thursday, 1 Aug 2013 01:01pm EDT 

Transalta Corp announced that its wholly-owned subsidiary TransAlta Renewables Inc. has filed and obtained a receipt from the securities regulatory authorities in each of the provinces in Canada for the final prospectus in respect of the initial public offering of 20 million common shares of TransAlta Renewables. The Common Shares will be issued at an offering price of $10.00 per Common Share. Gross proceeds of the Offering will be $200 million. The Offering is expected to close on August 9, 2013. Closing of the Offering is subject to, and conditional upon, certain customary closing conditions, including the receipt of all necessary approvals. The net proceeds of the Offering will be used by TransAlta Renewables to indirectly acquire, from TransAlta, 28 contracted wind and hydroelectric power generation assets, in which TransAlta Renewables will have a net ownership interest of approximately 1,112 MW. TransAlta and TransAlta Renewables have entered into an underwriting agreement in respect of the Offering with a syndicate of underwriters, led by CIBC World Markets Inc. and RBC Dominion Securities Inc. as bookrunners, and including Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., Canaccord Genuity Corp. and Desjardins Securities Inc. 

Company Quote

11.54
0.09 +0.79%
4:00pm EST