Post by
CHECKMATE77 on Jul 05, 2018 12:55pm
Cannot understand why anyone would buy enb when they can buy
Enf . At .700 shares of enb for an Enf share if one buys the Enf they are getting enb at a discount.
simple!
Comment by
TickerTwit on Jul 05, 2018 1:28pm
If the buyout occurs. If not, I expect ENF will lose the 5% premium immediately and then will fall further because it appears it is no longer a sponsored vehicle for ENB. .
Comment by
CHECKMATE77 on Jul 05, 2018 11:25pm
Will not happen, as for sponsored vechicle - legal obligation, enb cannot just say it's over also and more importantly - enb said it will simplify its organization , it has to make roll up occur or lose credibility
Comment by
Sadie222 on Jul 06, 2018 2:25am
ENB can’t “make” anything happen. They have made an offer to purchase all remaining shares of ENF, but the shareholders have to accept before anything happens.
Comment by
Sadie222 on Jul 06, 2018 2:35am
Not so simple. There’s been lots of discussion about the ratio and how it was derived. Not everyone agrees that the ratio is fair, never mind discounted.