Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

The Big Problem With Enbridge's "Must-Have" $14 Billion Acquisition

TheMotleyFool

0 0

The Big Problem With Enbridge's "Must-Have" $14 Billion Acquisition: https://g.foolcdn.com/editorial/images/748541/price-vs-value-scale-drawing.jpg

Enbridge (NYSE: ENB) made headlines recently with a $14 billion acquisition of natural gas utilities from Dominion Energy (NYSE: D). The problem? It doesn't look like it was a very good deal for shareholders. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down why the deal looks expensive compared to another recent Dominion asset sale and given Enbridge's own stock price.

*Stock prices used were from the afternoon of Sept. 20, 2023. The video was published on Sept. 24, 2023.

Source Fool.com