Enbridge Income Fund Holdings Inc. EBGUF

RE:Growth without dropdowns?

[marketsense]

A rejection by ENF shareholders would be at this point a major roadblock to ENB in their
corporate plans and would cause them to look at their options.   Sweetening the offer in
order to move forward makes a lot of sense and option 2,  let ENF wilt on the vine and
then come back again also makes sense.   Option 2 just takes more time and could delay
ENB for a while.   It all depends how quickly ENB wants to move forward and whether 
the extra cash required to sweeten is worth it.  I don't think anyone knows the answer
but I'm favouring option 1.   At the end of the day,  after all this work and planning,  I
would think ENB will want to move forward as quickly as possible and try and satisfy
ENF shareholders.  I don't think it would require that much to do it and it gets the whole
process over and done with.   The threat to starve out ENF seems hollow as the previous
poster commented,  what's to stop ENF from doing their own deals outside of the ENB
umbrella?   Indeed.