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BRIEF-Transalta Receives Notice Of Mangrove Partner's Intention To Nominate Dissident Board Candidates

Published 2019-03-25, 11:00 p/m
© Reuters.  BRIEF-Transalta Receives Notice Of Mangrove Partner's Intention To Nominate Dissident Board Candidates
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March 25 (Reuters) - Transalta Corp TA.TO :

* TRANSALTA RECEIVES NOTICE OF MANGROVE PARTNER'S INTENTION TO NOMINATE DISSIDENT BOARD CANDIDATES

* MANGROVE PARTNERS INTENDS TO NOMINATE FIVE CANDIDATES FOR ELECTION TO COMPANY'S BOARD OF DIRECTORS

* TRANSALTA- SAID IT WILL REVIEW MANGROVE'S NOTICE, CONSIDER SUITABILITY OF ITS NOMINEES AND COMMUNICATE MORE FULLY WITH ITS SHAREHOLDER IN DUE COURSE

* CO AND BROOKFIELD TO FORM JOINT OPERATING COMMITTEE, FOR PERIOD OF SIX YEARS

* TRANSALTA ANNOUNCED A STRATEGIC $750 MILLION INVESTMENT BY BROOKFIELD RENEWABLE PARTNERS AND ITS INSTITUTIONAL PARTNERS

* BROOKFIELD HAS COMMITTED TO PURCHASE TRANSALTA COMMON SHARES ON OPEN MARKET TO INCREASE ITS SHARE OWNERSHIP IN TRANSALTA TO 9%

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