August 24, 2018 / 11:16 AM / a month ago

Enbridge to buy Spectra Energy Partners for $3.3 bln

Aug 24 (Reuters) - Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.

The company said the deal represents a exchange ratio of 1.111 common shares for each unit of Spectra, representing an increase of 9.8 percent from its initial offer. (Reporting by Shanti S Nair in Bengaluru Editing by Saumyadeb Chakrabarty)

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