Enbridge $3.5 billion acquisition of Enbridge Energy Partners and Enbridge Energy Management

Overview:

• Enbridge, the Canadian oil and gas pipeline operator, has announced definitive agreements under which it will acquire all of the outstanding public class A common units of Enbridge Energy Partners (EEP), and all of the outstanding public listed shares of Enbridge Energy Management (EEQ). The acquired equity of the combined transactions is valued at $3.5 billion.
• Bank of America Merrill Lynch and Scotiabank acted as financial advisors to Enbridge, while Evercore acted as financial advisor to the EEP special committee and Goldman Sachs acted as financial advisor to the EEQ special committee.
• Enbridge also recently announced a deal to acquire the remainder of Canada-based Enbridge Income Fund Holdings .
• The deals are expected to close in late 2018. 

Prin Shasiharan - Researcher