CALGARY - The chairman of TransAlta Corp. says a lawsuit launched by an American activist investor on Tuesday is a “frivolous tactic” and the power utility intends to defend itself vigorously. Gordon Giffin says the move by New York-based Mangrove Partners to prevent the Calgary-based company from concluding a $750-million partnership deal with Brookfield Renewable Partners won’t succeed. A woman walks towards the entrance of the TransAlta headquarters building in Calgary, on Tuesday, April 29, 2014. It also wanted TransAlta to be forced to hold a vote on the deal. Article Continued BelowTransAlta CEO Dawn Farrell has defended the Brookfield deal as very good for shareholders previously and insisted the company thoroughly investigated other options before signing.

Source: thestar April 24, 2019 14:48 UTC