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Spectra offering shares to fund purchase of Spectra Energy Partners units
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Spectra EnergyCorp on April 4 said it has launched an underwritten public offeringof 14,000,000 shares of its common stock.
Barclays Capital Inc., acting as sole underwriter for the offering,will be given a 25-day option to purchase up to 2,100,000 shares of Spectra's commonstock.
Net proceeds from the offering will be used by Spectra to purchaseadditional common units from Spectra Energy Partners LP in a private placement.