Report
Joe Gemino

We Expect Best Idea Enbridge Inc to Acquire Enbridge Energy Partners

In an expected simplification transaction, Enbridge Inc. proposed to acquire all of the outstanding shares of its sponsored vehicles in exchange for Enbridge Inc. shares. Under four separate transactions, Enbridge proposed to issue 272 million common shares, worth CAD 11.4 billion. Under the proposal, shareholders of Enbridge Energy Partners will receive 0.3083 common shares of Enbridge Inc., approximating CAD 2.8 billion. After Enbridge Inc. announced that it doesn’t intend to utilize its spons...
Underlying
Enbridge Inc.

Enbridge is an energy transportation and distribution companyoperating in 5 segments: Liquids Pipelines, consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals; Gas Distribution, of Co.'s natural gas utility operations; Gas Pipelines and Processi consists of investments in natural gas pipelines and processing facilities; Green Power and Transmission, consists of Co.'s investments in renewable energy assets and transmission facilities; and Energy Services, consist of physical commodity marketing activity and logistical services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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