Deals
TransAlta Said to Have Talked to Potential Buyers for Months
- Company was close to a sale last week before deal fell through
- Calgary-based power generator's stock has plunged since April
This article is for subscribers only.
TransAlta Corp., the embattled Alberta power generator under pressure from regulators and because of its indebtedness, has held talks with more than one potential suitor in the past several months, people familiar with the matter said.
The Calgary-based power generation and energy marketing company was near a sale to a group of buyers last week before that transaction fell through, said the people, who asked not to be identified because the matter is private.