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Actionable news in SEP: SPECTRA ENERGY PARTNERS LP,

Major owner of Spectra Energy Partners just disposed of 21,560,000 shares

Energy Corp. Spectra, a major owner of Spectra Energy Partners, recently disposed of 21,560,000 shares of the company. The disposals took place at $0.00 per share, on October 30, 2015. Spectra still owns 220,058,534 shares of the company. Spectra operates out of Houston, TX. Some additional info was provided as follows:

On October 30, 2015, in connection with the closing contemplated by that certain Exchange and Redemption Agreement, dated October 18, 2015, between Spectra Energy Corp ("SE Corp") and the Issuer, Spectra Energy Partners (DE) GP, LP (the "General Partner") conveyed 21,560,000 common units and 440,000 general partner units in the Issuer (the "Unit Consideration") to subsidiaries of the General Partner, which transferred the Unit Consideration to subsidi aries of...

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