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Enbridge to Acquire Spectra in Bid to Diversify and Survive Low-Price Environment

Enbridge Incorporated will buy Spectra Energy Corporation in an all-stock deal valued at about $28 billion, possibly creating the largest energy-infrastructure company in North America.…

Oil & Gas | Enbridge | Spectra | Mergers | Acquistions

Industrial Info

Fri Sep 09 2016

Enbridge to Acquire Spectra in Bid to Diversify and Survive Low-Price Environment

Enbridge Incorporated will buy Spectra Energy Corporation in an all-stock deal valued at about $28 billion, possibly creating the largest energy-infrastructure company in North America. The companies said in a joint statement that the deal will give Enbridge and Spectra shareholders about 57% and 43% of the new company, respectively. Industrial Info is tracking more than $34 billion in active »