Enbridge Income Fund Holdings Inc. EBGUF

RE:RE:RE:RE:the committee

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We will hopefully get some inkling of how likely a better offer is when the committee reports to us. But anyone thinking we'll get a 50% premium (1-for-1) is just off the beam. Too much better than 5% would cancel out the benefits to ENB of rolling ENF back in so there's a limit somewhere, above which ENB says "We'll keep our projects from now on, and we'll make a lower offer after ENF's share price falls."

If you really want a better offer, you'll need to raise ENF's share price enough that it's no longer dilutive for ENB to sell it projects, because that's mostly what the rollup plan is about.
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leo101 wrote: considering that enb owns about 80% of enf,  theoretically by increasing the value of enf, they are strengthening their own balance sheet.  i think they can easily give the offer a small bump to keep everyone happy and enrich themselves.  i'll still vote no with the hope of getting a better ratio.