Private offering of $1.5 bil From the ENB announcement:
"(TSX:ENB) (NYSE:ENB) today announced that it has entered into subscription agreements with three large institutional investors to issue 33,456,003 common shares from treasury, on a private placement basis, at a price of CDN$44.84 per common share".
Looking at the net positions of the various different houses the start of the plunge on 10/18 to the bottom on 11/16:
CIBC -3,400K shares net
RBC -750K shares net
Goldman -600K shares net
then Morgan + Merrill at about -700K shares net for both
There is another -1,300K net shares comming through Anon and Instinet.
Can anyone guess who the three "large institutional" investors are that got in on this private placement??