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Enbridge $28 billion acquisition of Spectra Energy

27/2/2017
Public acquisition
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$ 28 billion

Completed

27/2/2017

Overview:

  • Canada-based energy company Enbridge has acquired US company Spectra Energy in a $28 billion deal.
  • The newly formed entity is the largest infrastructure company in North America.
  • This was the largest deal in Enbridge's history.
  • Credit Suisse Securities and RBC Capital Markets acted as financial advisers for Enbridge.
  • BMO Capital Markets and Citigroup were financial advisers for Spectra.
  • The company's shares will remain listed on both the NYSE and the Toronto Stock Exchange (TSE).
  • The transaction was announced in September 2016.

Kurt Stumpo - Journalist

Jurisdictions:

Canada
United States

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Energy

Firms:
Goodmans

Party: Spectra Energy (Target)

Lawyer: Robert Vaux

McCarthy Tétrault

Party: Enbridge (Acquirer)

Lawyer: John Osler KC

Sullivan & Cromwell

Party: Enbridge (Acquirer)

Lawyers: George Sampas, Joseph Frumkin, Robert Buckholz

Wachtell Lipton Rosen & Katz

Party: Spectra Energy (Target)

Lawyers: Daniel Neff, David Katz, Gregory Ostling

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