13:26:58 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,634,733,168
Close 2017-04-06 C$ 56.60
Market Cap C$ 92,525,897,309
Recent Sedar Documents

Enbridge says reject TRC Capital's mini-tender offer

2017-04-07 09:07 ET - News Release

Ms. Suzanne Wilton reports

ENBRIDGE RECOMMENDS SHAREHOLDERS REJECT TRC CAPITAL'S "MINI-TENDER OFFER"

Enbridge Inc. has been notified of an unsolicited mini-tender offer made by TRC Capital Corp. to purchase up to 2.5 million common shares of Enbridge, or approximately 0.15 per cent of the company's outstanding common shares, at a price of $53.38 per share. Enbridge does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender their Enbridge shares to the offer.

Enbridge cautions shareholders that the mini-tender offer has been made at a price below market price for Enbridge shares. The offer represents a discount of 4.47 per cent on the Toronto Stock Exchange closing price and 4.58 per cent on the New York Stock Exchange closing price for Enbridge common shares on April 4, 2017, the last trading day before the mini-tender offer was commenced.

About Enbridge Inc.

Enbridge Inc. is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities, and renewable power generation. The company's regulated utilities serve approximately 3.5 million retail customers in Ontario, Quebec, New Brunswick and New York State. Enbridge also has a growing involvement in electricity infrastructure with interests in more than 2,500 megawatts of net renewable generating capacity and an expanding offshore wind portfolio in Europe.

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