Enbridge to buy Spectra Energy in $28 billion deal
Source: USA Today
Enbridge to buy Spectra Energy in $28 billion deal
Mike Snider, USA TODAY 8:06 a.m. EDT September 6, 2016
Canadian pipeline company Enbridge Inc., said Monday it would acquire Houston-based Spectra Energy in a $28 billion all-stock deal.
The merger would create North America's largest energy infrastructure company, valued at $127 billion, when it is completed in the first quarter of 2017, the companies said.
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Enbridge, headquartered in Calgary, Alberta, operates the world's longest crude oil pipeline system across Canada and the U.S. The merger gains Spectra Energy's about 21,000 miles of oil and gas pipelines.
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Read more: http://www.usatoday.com/story/money/business/2016/09/06/enbridge-buy-spectra-28-billion-deal/89901544/
There are a few threads about Enbridge at DU. I figured the existence of those threads made this story LBN-worthy.
