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TransAlta Renewables Inc.

10:03 AM EST - TransAlta Renewables Inc. : And TransAlta Corporation today announced that they have entered into a definitive arrangement agreement under which TransAlta will acquire all of the outstanding common shares of RNW not already owned, directly or indirectly, by TransAlta and certain of its affiliates, subject to the approval of RNW shareholders. TransAlta Renewables Inc. shares T.RNW are trading up $1.95 at $12.94.