Sat, May 25, 2013, 4:39 PM EDT - U.S. Markets closed
It looks like the Canadian Hydro board finally gave-in for TAC to acquire it for cash. This looks like a good deal for TAC, since Canadian Hydro had increased to US $6 for a while - maybe a year or so ago.
This is a very good strategic move for Transalta and continues their transition to a sustainable energy company and with better input cost control.That the market was pretty neutral to the announcement is good.