Enbridge-Spectra Mega-Deal Points to Further Midstream Diversity

摘要

Oil-intensive Enbridge's acquisition of natural gas pipeline-focused Spectra Energy emphasized a growing trend among midstream companies to diversify while creating North America's largest infrastructure company in the process. The $28 billion deal, announced Sept. 6 and expected to close in the first quarter of 2017, will leave Enbridge shareholders owning about 57% of the combined company and Spectra shareholders claiming about 43%.