Benzinga | Apr 30, 2021 09:56AM EDT

TransAlta Late Thursday Announced Co., Mangrove Partners Have Resolved Litigation, Terms Confidential

TransAlta Corporation (TSX:TA) (NYSE:TAC) ("TransAlta" or the "Company") and The Mangrove Partners Master Fund, Ltd. ("Mangrove") announced today that the parties have agreed to resolve this matter on a mutually acceptable basis. With the passage of time, Mangrove will no longer dispute the fairness of the Brookfield transaction. The terms of the settlement are confidential.

As the terms of the settlement are confidential, neither party will be providing any further comments and will not respond to media inquiries related to this News Release.