Enbridge Income Fund Holdings Inc. EBGUF

New Counter offer !

[stocktalk]

If we get a 10 % counter that works out to  conversion ratio of  0.7029 @ 10% (0.7) = 0.7729

x 46.03 (enb) =  $35.57 for enf.

Nice !!

[pierrelebel]

According to CIBC latest research (August 27, 2018): "The question becomes whether ENB will raise its offers for the other sponsored vehicles. As the increased offer reflects the unique impact of the FERC modifications on SEP, we do not believe there is the same impetus for an increase to the other vehicles. EEP, in particular, still has about US$140MM of negative revenue consequences from

[TickerTwit]

A big premium. 5% in the offer and about another 5% from the market as of yesterday. To not swap now you have to either (1) believe a new offer will come and that it will increase the premium to substantially more than 10%, or (2) not be paying attention :). .

[autofocus111]

@Ticker Except that initial 5% deal premium was presented at a time when  L3RP was still awaiting MN approval. Even if the doubt raised about approval was unwarranted, ENF stock price was depressed due to that overhang (and the FERC panic even though tath was also clearly unwarranted), and ENB unscrupulously attempted to take advantage of ENF shareholders with a lowball bid and threat to stop

[stocktalk]

Exactly, ENB needs us and will have to sweeten the deal.

[autofocus111]

I have made my decision. I am voting NO.

[splitbolt1]

I'M WITH YOU

[rapid_fire_]

This post has been removed in accordance with Community Policy

[tbnorthstar]

pierrelebel, I deal with CIBC and consider their analysis to be weak at best. ENB is going to 50 dollars before this deal is completed, they will most likely offer a small improvement to their offer. ENF headed to 35 dollars plus. When that occurs I will switch to ALA if they can sufficently clean up their debt issue by selling assets (already own enought ENB).

[autofocus111]

@pierrelebel The impetus to up the offer to ENF shareholders is precisely the fact that it is not adversely affected by FERC, and in fact will greatly benefit from EEP's loss due to the  "International Joint Tariff" referred to by this analyst. I remain convinced there is a better offer coming to ENF shareholders, and if not then I would like the ENF special committee to

[pierrelebel]

"I remain convinced there is a better offer coming to ENF shareholders" Maybe BUT if it happens, I do not expect more than another 5% premium - going to 0.74 ENB shares for each ENF share. Considering ENB trades at $45, that works out at best to $45 x 0.74 = $33.30 Since ENF already trades above $33, I do not see the point in holding for more. The diference in timing of dividends