GREY:EBGUF - Post by User
Comment by
pjn0987654321on May 17, 2018 6:44pm
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Post# 28049383
RE:The ratio was set at .7029
RE:The ratio was set at .7029 Well, they call it a 5% premium, and by a remarkable coincidence, the share price went up about 5%, yet you say there is no premium.
"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."
soundandfury wrote: That is the conversion ratio .......may 16 close price was just used as an example........nothing more......there is no premium.