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Enbridge to acquire Spectra Energy
Aug. 25, 2018
Source: Chron

Enbridge to acquire Spectra Energy

In a major acquisition move, Enbridge Inc will buy all the shares of Spectra Energy in USD 3.3 billion. The transaction is scheduled to be finalised by the 4Q2018. The deal will streamline Enbridge’s corporate structure, following the recent US tax changes. Yesterday, pipeline giant, Enbridge mentioned a “significant weakening of MLP capital markets” as undesirably affecting accelerative growth for the unit.

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