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Enbridge to Acquire Spectra Energy Partners in All-Stock Deal

Enbridge Inc. Spectra Energy Partners, Lp
AnnouncedAug 27, 2018
TypeCorporate
Announced Date
August 27,2018
Close Date
December 17,2018
Transaction Type
Corporate




Snapshot
Location
Region
United States

Country
United States


Transaction Details:  Subscribe to see

Enbridge Inc. has agreed to acquire Spectra Energy Partners in an all-stock deal valued at $3.3 billion.

This deal closed on December 17, 2018.

Transaction Metrics

Enbridge will acquire all of the outstanding public common units of SEP on the basis of 1.111 common shares of Enbridge for each common unit of SEP.

The Agreed Exchange Ratio represents a 9.8% increase to the exchange ratio offered by Enbridge on May 17, 2018 of 1.0123 Enbridge common shares per SEP common unit. The transaction is valued at US $3.3 billion / CAN $4.3 billion based on the closing price of Enbridge’s common shares on…

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