On October 5, 2023, TransAlta Corporation (TransAlta) and TransAlta Renewables Inc. (RNW) announced the completion of the acquisition of RNW by TransAlta pursuant to the terms of the previously announced arrangement agreement between the parties.
Under the Arrangement, TransAlta acquired all of the outstanding common shares of RNW (each, a “RNW Share”) not already owned, directly or indirectly, by TransAlta and certain of its affiliates, resulting in RNW becoming a wholly owned subsidiary of TransAlta.
Norton Rose Fulbright Canada acted for TransAlta Corporation.
Stikeman Elliott acted for the special committee of the board of directors of TransAlta Renewables Inc. with a team that included Leland Corbett, Benjamin Hudy, Rhonda Parhar, Chelsea Daku, Jordan Magidson, Olivia Pope, Braxton Houlden (Corporate/M&A); Julie D’Avignon (Tax); Geoff Holub, Matti Lemmens, Archer Bell (Advocacy).