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Mangrove Applies For Review Of Transalta's Brookfield Deal


Tuesday, 9 Apr 2019 02:39pm EDT 

April 9 (Reuters) - Mangrove Partners::MANGROVE PARTNERS APPLIES FOR JOINT HEARING WITH ALBERTA AND ONTARIO SECURITIES COMMISSIONS TO REVIEW TRANSALTA CORPORATION'S BROOKFIELD TRANSACTION.MANGROVE PARTNERS - SEEKS ORDER CONDITIONING BROOKFIELD TRANSACTION ON A VOTE OF TRANSALTA SHAREHOLDERS NOT HAVING AN INTEREST IN BROOKFIELD DEAL.TRANSALTA CORP - ALSO REQUESTED ASC, OSC REQUIRE TRANSALTA TO PROVIDE SHAREHOLDERS WITH FULL, ACCURATE DISCLOSURES RELATED TO BROOKFIELD TRANSACTION.MANGROVE PARTNERS SAYS ALSO SEEKS ORDERS FROM ASC AND OSC THAT TRANSALTA POSTPONE 2019 ASM UNTIL AT LEAST JUNE 1, 2019.MANGROVE PARTNERS SAYS TOGETHER WITH BLUESCAPE ENERGY PARTNERS IS AMONG LARGEST SHAREHOLDERS OF TRANSALTA, AGGREGATE OWNERSHIP OF 10.1% SHARES. 

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