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Spectra Energy Partners (SEP) approached by Enbridge (ENB)

  • May 21, 2018


StockSpectra Energy Partners, LPSymbolSEP
Date Announced05/18/2018Source Press release
TypeUnsolicited BidAcquiring Company/Person Enbridge Inc.
Date of Confirmation: 08/24/2018Price 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 .


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