TransAlta Corp. has ridden a big Christmas bounce, rising about 70 per cent over the past three months and setting a 52-week high of $10.04 on March 28.
That same day, chief executive officer Dawn Farrell bought 50,000 shares at $10.03.
On March 25, TransAlta announced that Brookfield Renewable Partners and its partners plan to make a $750-million equity convertible investment in TransAlta.
However, not everyone is enthused with the deal. A group of investors have served notice to nominate five dissident candidates for election to board at the coming AGM.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.