Canadian Hydro owns and operates 21 renewable energy generation facilities in Canada, including wind, hydro and biomass projects.
A special committee of Canadian Hydro's board of directors is currently reviewing and evaluating these proposals. The company will update the market as this process continues.
Canadian Hydro continues to recommend unanimously that shareholders of the company reject TransAlta's offer of C$4.55 cash per share, which is now due to expire on Oct. 2, following three extensions of the offer.
Canadian Hydro issued a directors' circular in August, which lists seven reasons why shareholders should reject the TransAlta offer, with full detail explaining each. To reject the TransAlta offer, shareholders do not need to take any action.
SOURCE: Canadian Hydro Developers Inc.