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Enmax raises cash during takeover battle

Posted on June 16, 2008

In the middle of a hostile takeover bid, Calgary utility Enmax Corp. has raised $300-million of debt.Enmax, a publicly-owned electrical utility, sold $300-million of 10-year bonds on Friday, at the same time it considered its next move in the natural gas play Cordero Energy.Enmax has a $5.20-a-share - Follow link to read full post ...

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calgary , gas