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Canada pipeline giant Enbridge buys Spectra Energy for Can$37 bn
2016-09-10 06:36:00| Climate Ark Climate Change & Global Warming Newsfeed
Wave: The combination will create the leading energy infrastructure company in North America and one of the leading globally based on a pro-forma enterprise value of about C$165 billion (US$127 billion). That places the deal at $40.33 (U.S.) per Spectra share, an 11.5 percent premium to Spectra's closing price on Friday. Enbridge shareholders are expected to own approximately 57% of the combined company, and Spectra shareholders are expected to own approximately 43%. Monaco said the deal would add Spectra...
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Category:Electronics and Electrical