Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition
ENBEnbridge(ENB) zacks.com·2024-05-18 01:35

Enbridge Inc. (ENB) is setting the stage for a significant equity raise aimed at partially funding its ambitious 9.4billionacquisitionofthreenaturalgasutilitiesfromDominionEnergy(D).TheprominentCanadianpipelineoperatorhasrecentlycompletednecessaryfilingsinbothCanadianandU.S.securitiesplatforms,aimingtopotentiallyraiseuptoC9.4-billion acquisition of three natural gas utilities from Dominion Energy (D) . The prominent Canadian pipeline operator has recently completed necessary filings in both Canadian and U.S. securities platforms, aiming to potentially raise up to C2.75 billion (about $2.02 billion) by selling shares to the public. The shares will be offered at ENB's discretion, allowing sales to the public inter ...