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Enbridge Income Fund Holdings Inc. EBGUF

Energy Oil & Gas Midstream
"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

Enbridge Income Fund Holdings Inc. > Counter offer? $34.00
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Comment by semiRet4everon May 17, 2018 11:38am
130 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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