Enbridge raises $4.6B in share offering to help pay for U.S. gas utilities deal

Enbridge Inc. has closed a $4.6-billion offering of shares the company announced as part of its deal to buy three U.S. gas utilities earlier this week. The company says it issued 102,913,500 shares under the plan that saw the underwriters exercise the full over-allotment option. The offering price under the bought-deal financing was $44.70 per share. Enbridge says the exercise of the over-allotment option reduces and further derisks its financing requirements to fund the acquisitions. The Calgar