Enbridge Inc. and Spectra Energy Partners complete merger
Published by Lydia Woellwarth,
Editor
World Pipelines,
Enbridge Inc., on behalf of itself and certain of its wholly owned US subsidiaries, and Spectra Energy Partners, LP (SEP) has announced that they have completed the previously announced merger pursuant to an Agreement and Plan of Merger dated as of 24 August 2018 (the Merger Agreement). The merger resulted in Enbridge (through a wholly owned subsidiary) acquiring all of the outstanding public common units of SEP and SEP becoming an indirect, wholly owned subsidiary of Enbridge.
Effective 17 December 2018, SEP unitholders of record as of the close of business on 5 November 2018 (other than Enbridge and its subsidiaries) are entitled to receive from Enbridge pursuant to the Merger Agreement, for each SEP common unit held, 1.111 common shares of Enbridge.
Also effective today, the SEP common units will be suspended from trading on, and delisted from, the New York Stock Exchange (NYSE). Common shares of Enbridge will continue to trade on both the NYSE and the Toronto Stock Exchange under the symbol “ENB”.
Read the article online at: https://www.worldpipelines.com/business-news/18122018/enbridge-inc-and-spectra-energy-partners-complete-merger/
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