Actionable news
All posts from Actionable news
Actionable news in ENB: ENBRIDGE INC,

Enbridge Buys Spectra for $28B, Creating Energy Infrastructure Giant

Canadian pipeline operator Enbridge (ENB) said Tuesday it agreed to buy Houston-based Spectra Energy (SE) for $28 billion in stock, creating the largest energy infrastructure provider in North America.

Spectra stockholders will get 0.984 of a share of Enbridge for each of their shares valued at $40.33 per share, an 11.5% premium over Spectra's closing price this past Friday. The deal gives the combination an enterprise value of C$165 billion ($127 billion), sales of $31 billion and Ebit of $4.4 billion.

Enbridge said...