The DRiP Investing Resource Center

Your Location For Dividend Reinvesting Information

Message Boards

Stock Talk

Moderator is Kathy Courtney

Date: 5/17/2018 9:46:17 AM
Author: dripBarry Country Flag
Subject: 19920/19954 - Re: Enbridge to buy up four subsidiaries including ENF
 
 
<= Previous    Post Response    Post New    Next =>

Message:

See the other thread. Prescient information as per the news release:

Under today's restructuring proposal:
-- ENF shareholders will receive 0.7029 common shares of Enbridge per ENF
share, representing a value of CAN$29.38 per ENF share, based on the
closing price of Enbridge common shares on the TSX on May 16, 2018,
reflecting a 5% premium to the closing price of ENF's common shares on
the TSX on May 16, 2018.

-- Enbridge believes that the proposed exchange ratio for ENF reflects an
attractive premium to its stand-alone value.

-- The proposed plan of arrangement transaction is subject to the approval
(i) by holders of 662/3% of the outstanding ENF shares present in person
or by proxy at a meeting of shareholders, and (ii) by holders of a
majority of the ENF shares present in person or by proxy at a meeting of
shareholders, other than Enbridge, its affiliates and other insiders.
 
<= Previous    Post Response    Post New    Next =>
 
Author Profile
  Number of Messages Past Six Months: 9
  Fav. Companies: ENB,MFC,JNJ,FTS, TSLA
  Inv. Style: Long
 
Your Unread Messages (Number in parenthesis is unread messages)
   DRiPs for U.S. Investors (21989)      DRiPs for Canadian Investors (39321)      Beginners Corner (19591)      U.S. Money and Tax Matters (4894)   
   Canadian Money and Tax Matters (9305)      Overlooked Stocks (3217)      MoneyPaper Specials (2623)      Share Exchange (35323)   
   Brokerage, T.A., & Bank Accounts (3424)      Bugs and Recommendations (3175)   



This website is maintained by George L Smyth