Atlantic Power Board Adopts Shareholder Rights Plan

Atlantic Power Corporation AT announced today that its Board of Directors (the "Board") has adopted a Shareholder Rights Plan (the "Rights Plan") to encourage the fair treatment of shareholders in connection with any unsolicited take-over bid for the Company's common shares ("Common Shares"). The Rights Plan is designed to provide shareholders and the Board with adequate time to fully consider and evaluate any unsolicited take-over bid and provide the Board with sufficient time to identify, develop and negotiate other alternatives to maximize shareholder value.  The Rights Plan is similar to existing shareholder rights plans adopted by other Canadian public companies.  The Rights Plan has not been adopted in response to, or in anticipation of, any known take-over bid or proposal to acquire control of the Company. The Rights Plan has been conditionally accepted by the Toronto Stock Exchange subject to ratification by the Company's shareholders within six months of the Rights Plan's effective date.  The Company intends to submit the Rights Plan to shareholders for their consideration at Atlantic Power's next annual meeting.  If the Rights Plan is not confirmed by the Company's shareholders, it will terminate and be See full press release
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