trending Market Intelligence /marketintelligence/en/news-insights/trending/JlYp8vcoMHMWFJ1-_EPrtg2 content esgSubNav
In This List

ECN Capital tender offer oversubscribed

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


ECN Capital tender offer oversubscribed

ECN Capital Corp. released the preliminary results of its tender offer to repurchase C$265 million of its common shares.

Approximately 83,700,039 common shares were properly tendered and not withdrawn in the offer. ECN Capital expects to repurchase 70,666,666 of the common shares at C$3.75 apiece.

As the tender offer was oversubscribed, the company expects that shareholders will have about 84.43% of their tendered shares bought back.

ECN Capital will have approximately 235,976,685 issued and outstanding common shares after the tender offer.