22:31:35 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,022,660,553
Close 2023-09-06 C$ 45.31
Market Cap C$ 91,646,749,656
Recent Sedar Documents

Globe says Enbridge deal a boon for Bay Street bankers

2023-09-07 08:48 ET - In the News

Also In the News (C-IFC) Intact Financial Corp
Also In the News (C-PEY) Peyto Exploration & Development Corp
Also In the News (C-SIS) Savaria Corp

The Globe and Mail reports in its Thursday, Sept. 7, edition that the slump in stock sales ended late Tuesday, as investment banks staged a successful $4-billion equity offering for Enbridge, pocketing $130-million in fees. The Globe's Andrew Willis writes that on Wednesday, the banks did three more deals. They raised $500-million to help finance insurer Intact Financial's planned $884-million acquisition of a British business. In addition, Peyto Exploration & Development sold $125-million of stock as part of a $636-million purchase of Alberta oil fields. Finally, medical equipment supplier Savaria sold $55-million of stock to pay down debt. The trio of transactions meant another $27-million in fees for the banks. The successful Enbridge deal and the three subsequent equity offerings have deal makers predicting an upturn in acquisitions and stock sales through the rest of the year. On Tuesday night and early Wednesday, the banks received commitments for all the Enbridge shares to investors around the world, with North American and European institutions buying the bulk of the stock, according to an unnamed source working on the transaction. The offering is expected to close Friday.

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