Friendly deal would create a North American energy infrastructure giant
CALGARY — Enbridge Inc. (TSE:ENB) plans to buy Houston-based Spectra Energy Corp. for stock worth $37 billion in a friendly deal that would create a North American energy infrastructure giant headquartered in Calgary.
The combined company’s natural gas pipelines business would be based in Houston and its liquids pipelines business would be based in Edmonton. The Enbridge natural gas distribution business to consumers would remain based in Ontario.
Read the full article at: ca.finance.yahoo.com
