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Article: Enbridge Announces $ 523.1 Million Common Equity Offering
- Article from:
- CCNMatthews Newswire
- Article date:
- January 16, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CALGARY, ALBERTA--(CCNMatthews - Jan. 16, 2007) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE U.S.
Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it has
entered into an agreement with a group of underwriters to sell 13.5
million treasury common shares at $ 38.75 per common share for
distribution to the public. Closing of the offering is expected on or
about February 2, 2007. The Enbridge Inc. Board of Directors also
today declared a quarterly dividend of $ 0.3075 per common share,
payable on March 1, 2007 to shareholders of record on February 15,
2007.
Commenting on the transaction, Enbridge Executive Vice President,
Chief Financial Officer & ...