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Mangrove Partners Abandons Complaints to Securities Regulator
Mangrove Partners Abandons Complaints to Securities Regulator Canada NewsWire CA...
About this update from Transalta Corporation
[{"type":"text","content":"\n\n\n\nMangrove Partners Abandons Complaints to Securities Regulator\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, April 17, 2019\n\n\n\nCALGARY, April 17, 2019 /CNW/ - TransAlta Corporation (\"TransAlta\" or the \"Company\") (TSX: TA) (NYSE: TAC) announced today that Mangrove Partners has withdrawn its application before the Alberta Securities Commission (\"ASC\") for a hearing related to TransAlta's recent transaction with Brookfield.\nAs previously released, Mangrove originally filed applications on April 8, 2019 before both the ASC and the Ontario Securities Commission (\"OSC\") complaining about the Brookfield transaction.  On April 15, 2019, the OSC issued a decision declining to assert jurisdiction, which left the matter solely within the jurisdiction of the ASC.\nWithin hours of receiving TransAlta's response submissions on April 17, 2019, Mangrove withdrew its application effective immediately.  The result is that Mangrove's application before the ASC has been abandoned.  The OSC's previous decision declining to hear the complaints, coupled with Mangrove abandoning its application before the ASC, means that this matter before the Commissions is at an end.\nTransAlta's 2019 annual and special meeting will take place on April 26, 2019 in Calgary, Alberta.\nAs previously disclosed, TransAlta secured a strategic partnership and $750 million financing with Brookfield Renewable which will enable TransAlta to advance its strategy.  TransAlta's strategy is focused on converting coal units to gas, investing in renewables and accelerating returns to shareholders.\nVote the BLUE Proxy Today\nTransAlta asks shareholders to read the Company's management proxy circular dated March 26, 2019 (the \"Circular\") carefully and to vote the BLUE proxy FOR all 12 TransAlta director nominees at our upcoming annual and special shareholders' meeting on April 26, 2019 (the \"Meeting\"). Shareholder support is critical as we work to build a foundation for long-term, sustainable value creation as a leading clean energy company.\nA copy of ...