TRC Capital Makes Mini-Tender Offer To Acquire 0.15% Interest In Enbridge For US$99.4 Million

Published: Apr 07 2017
Deal Summary

TRC Capital Corp., an investment firm, made a mini-tender offer to acquire 2.5 million (MM) shares, representing 0.15% interest, of Enbridge Inc., a diversified midstream energy company, for a purchase consideration of C$133.45 million (MM) (US$99.36 MM) or at a price of C$53.38 (US$39.74) per share.

Enbridge recommends its shareholders to reject TRC Capital offer, as offered price is below the market price for Enbridge shares.

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