trending Market Intelligence /marketintelligence/en/news-insights/trending/N7QbVtjv9B73SaUuprRS3Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Enbridge closes $3.3B simplification merger with Spectra Energy Partners

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon

Enbridge closes $3.3B simplification merger with Spectra Energy Partners

Enbridge Inc. closed the acquisition of all outstanding common units of Spectra Energy Partners LP valued at $3.3 billion, bringing Enbridge one step closer to its corporate simplification goal.

Spectra's common units will no longer trade on the New York Stock Exchange, effective Dec. 17, according to a joint news release by Enbridge and Spectra. Enbridge's common shares will remain trading on both the New York bourse and the Toronto Stock Exchange under the symbol ENB.

The Calgary, Alberta-based Enbridge in August agreed to acquire all of Spectra's 81.9 million outstanding common units at an exchange ratio of 1.111 Enbridge common shares for each Spectra common unit. Enbridge said it would issue about 91.0 million common shares, or 5% of its total outstanding common shares, for the transaction.

The acquisition is part of a series of deals to be completed in the fourth quarter that are designed to simplify Enbridge's corporate structure. Enbridge in November completed its merger with Enbridge Income Fund Holdings Inc., while Enbridge Energy Partners LP and Enbridge Energy Management LLC unit holders are scheduled to vote on their deal with Enbridge on Dec. 17.