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Title : Enbridge To Buy Spectra Energy Partners -- August 24, 2018
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Enbridge To Buy Spectra Energy Partners -- August 24, 2018

This seems like "old news" or "predictable news."

Click here for previous posts that mentioned "Spectra Energy."

Today's "news", from MarketWatch, Enbridge to buy Spectra Energy Partners in a $3.3 billion stock deal. 

Enbridge Inc. ENB, said today it will buy the pipeline master limited partnership Spectra Energy Partners LB SEP, in a stock deal valued at $3.3 billion.

Under terms of the deal, Enbridge will exchange 1.111 of its common shares for each Spectra share.

Based on Thursday's stock closing prices, that values Spectra shares at $40.00 each, or a 5.6% premium. The deal is expected to close in the fourth quarter of 2018.

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