1. TransAlta Stock Rises After U.S. Activist Investor Group Demands Change

    TransAlta Stock Rises After U.S. Activist Investor Group Demands Change

    CALGARY - Shares in power utility TransAlta Corp. rose by more than five per cent Monday after a U.S. investment partnership revealed it has acquired a 10-per-cent stake and will be demanding board representation. Dallas-based Cove Key Bluescape Holdings announced late Friday it had bought 50,000 TransAlta shares to take its total ownership to 8.1 million, about 2.86 per cent of the outstanding stock...

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