POTENTIAL DEAL DETAILS
|Stock||Spectra Energy Partners, LP||Symbol||SEP|
|Date Announced||05/18/2018||Source||Press release|
|Type||Unsolicited Bid||Acquiring Company/Person||Enbridge Inc.|
|Date of Confirmation:||08/24/2018||Price at Confirmation:||$38.41|
|Potential Profit:||26.39%||Annualized Profit:||98.29%|
Spectra Energy Partners, LP (SEP) today announced that it has received a non-binding offer from Enbridge Inc. (ENB) and Enbridge (U.S.) Inc. to acquire all of the outstanding equity securities of SEP not currently beneficially owned by Enbridge.
August 24, 2018: Enbridge Inc. (ENB) on behalf of itself and certain of its wholly owned US subsidiaries and Spectra Energy Partners, LP (SEP) today announced that they have entered into a definitive agreement under which Enbridge (ENB) will acquire all of the outstanding public common units of SEP (SEP) on the basis of 1.111 common shares of Enbridge for each common unit of SEP .
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.