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Banks take maximum amount of Enbridge stock, boosting financing to $2.3 billion

2016-03-01 17:15:12| Energy - Topix.net

Enbridge Inc. says it raised $2.3 billion in its latest stock offering as its syndicate of underwriters fully exercised their option to buy additional shares in the pipeline operator. The Calgary-based company had initially planned to raise $2 billion, but the underwriters - including Canada's five biggest banks - bought an additional 7.4 million shares.

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