En­bridge buys Spec­tra En­ergy

Alberta Oil - - OBSERVER | NEWS NUMBERS PEOPLE PLACES -

In one of the largest-ever Cana­dian takeover deals, En­bridge an­nounced in Septem­ber that it would ac­quire the Hous­ton-based Spec­tra En­ergy for $37 bil­lion (US$28 bil­lion) in an all-stock deal. The Cal­gary mid­stream com­pany’s takeover of its south­ern coun­ter­part will cre­ate North Amer­ica’s largest en­ergy in­fra­struc­ture com­pany with near-equal as­sets in oil and gas stor­age and trans­port, if ap­proved by reg­u­la­tors.

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