Enbridge Management in 8M-share offering, -3.4% AH

|About: Enbridge Energy Management,... (EEQ)|By:, SA News Editor

Enbridge Energy Management (EEQ) -3.4% AH after saying it commenced a public offering of ~8M of its listed shares.

Proceeds will be used to invest in an equal number of i-units of Enbridge Energy Partners (EEP), which will pay down debt, finance a portion of its capex program relating to its core liquids and natural gas systems, and for general partnership purposes.