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  5. RNW: Good Afternoon Today the stock is trading 2% above Transalta's offer of $13 Is this significant with respect to getting another bid? [TransAlta Renewables Inc.]
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Q: Good Afternoon
Today the stock is trading 2% above Transalta's offer of $13
Is this significant with respect to getting another bid?
Thanks
Asked by Terry on July 13, 2023
5i Research Answer:

Certainly the more shares that transact above the offer the more votes will vote 'no'. But it could be pure speculation on behalf of these buyers. TA 'probably' could offer a bit more if it didn't think the tender was going to succeed. We would not consider it that great of an arbitrage opportunity, however. 

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