Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition
Enbridge(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 $9.4-billion acquisition of three natural gas utilities from Dominion Energy (D) . With the acquisition process moving forward, Enbridge successfully closed the purchase of Dominion's East Ohio Gas last month. ENB anticipates the completion of the acquisitions of Questar Gas and its related Wexpro companies, along with Public Service Co. of North Carolina, within the year. This strategic expansio ...