(EnergyAsia, October 16, Tuesday) — Canada’s TransAlta Power, LP said it has agreed to be bought out by Hong Kong’s Cheung Kong Infrastructure Holdings Limited (CKI) for $8.38 a share in cash for a total of $629 million.The purchase price represents a 15.7% premium over TransAlta Power’s closing share price on the Toronto Stock Exchange…
CHINA: Cheung Kong to take over Canada’s TransAlta Power for $629 million
Posted on October 15, 2007 by EnergyAsia