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Enbridge Income Fund Holdings Inc. EBGUF

"Enbridge Income Fund Holdings Inc is engaged in the generation, transportation and storage of energy through its green power generation facilities, liquids transportation and storage facilities."


GREY:EBGUF - Post by User

Comment by semiRet4everon May 17, 2018 11:38am
129 Views
Post# 28045911

RE:RE:RE:RE:RE:RE:Counter offer? $34.00

RE:RE:RE:RE:RE:RE:Counter offer? $34.00
chigs1975 wrote: There will be no counter offers. ENB gets to vote and they own 82% of ENF shares. 


Counter is still possible, as ENB ownership appears to have a limit on its control of ENF... note the highlighted section below

From a TD Waterhouse report  : 

The proposed transaction is subject to approval by 66.67% of the outstanding ENF shareholders and by a majority of the public shareholders excluding ENB, its affiliates, or insiders
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