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BRIEF-Enercare To Be Acquired By Brookfield Infrastructure In A C$4.3 Bln Deal

Published 2018-08-01, 07:37 a/m
© Reuters.  BRIEF-Enercare To Be Acquired By Brookfield Infrastructure In A C$4.3 Bln Deal

Aug 1 (Reuters) - Brookfield Infrastructure Partners LP BIP.N :

* ENERCARE INC. TO BE ACQUIRED BY BROOKFIELD INFRASTRUCTURE IN A C$4.3 BILLION TRANSACTION

* ENERCARE INC -

* ENERCARE INC - DEAL FOR C$29.00 PER SHARE

* ENERCARE INC - AGREEMENT PROVIDES FOR PAYMENT BY ENERCARE OF A C$111 MILLION TERMINATION FEE

* ENERCARE INC - TRANSACTION HAS UNANIMOUS SUPPORT OF SPECIAL COMMITTEE, AS WELL AS FULL BOARD OF DIRECTORS OF ENERCARE

* ENERCARE - BROOKFIELD INFRASTRUCTURE PARTNERS EXPECTS TO FUND, AFTER DEBT ASSUMPTION, ABOUT $630 MILLION OF TRANSACTION, WITH BALANCE FUNDED BY PARTNERS

* ENERCARE - DIRECTORS & SENIOR OFFICERS OF ENERCARE ENTERED INTO CUSTOMARY VOTING SUPPORT DEALS TO VOTE IN FAVOUR

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