So there's recently been news on TransAlta buying back TransAlta Renewables, which I'm currently holding in my TFSA for it's dividends. I'm down on the stock by about 9% and I'm wondering if I should sell?
I think shareholders are entitled to shares of TransAlta or cash. Not sure if I want the former and I'd get $13 per share for the latter, which is slightly below the current price. Should I just hold and see what I can get or sell right now and invest in other things?
I've never been in this kind of situation before so not sure what to do. Any advice would be appreciated.
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