{"id":8160,"date":"2008-07-22T00:00:00","date_gmt":"2008-07-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"american-firms-covet-transalta","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/american-firms-covet-transalta.html","title":{"rendered":"American firms covet TransAlta"},"content":{"rendered":"<p>TheChronicleHerald.ca- Two U.S. private equity firms are offering about $7.8 billion &mdash; or $39 a share in cash &mdash; for Alberta-based utility TransAlta Corp., which had been under pressure by a major investor to boost its stock price.<\/p>\n<p>LS Power Equity Partners and Global Infrastructure Partners presented TransAlta with a &quot;non-binding approach&quot; on Monday.<\/p>\n<p>TransAlta said its board will &quot;carefully consider the letter and will respond in due course.&quot;<\/p>\n<p>LS Power Equity Partners is linked to Luminus Management LLC, the New York-based hedge fund that fought earlier this year to persuade TransAlta to shed assets and to load up on debt as a means to buy back shares.<\/p>\n<p>LS Power president James Bartlett said in a telephone interview that the suitors are seeking a &quot;consensual, negotiated transaction.&quot;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/thechronicleherald.ca\/Business\/1068901.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TheChronicleHerald.ca- Two U.S. private equity firms are offering about $7.8 billion &mdash; or $39 a share in cash &mdash; for Alberta-based utility TransAlta Corp., which had been under pressure by a major investor to boost its stock price. LS Power [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[68,1614,63,576,1615,1617,129,91,1616,285],"class_list":["post-8160","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-cnet","tag-davidson-kempner-capital","tag-first-avenue","tag-hotel-address","tag-infrastructure-partners","tag-jet-plane","tag-losses","tag-luxembourg","tag-management-operations","tag-management-platform"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8160"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8160\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}