Friday, September 16, 2016
Calgary-based Enbridge Inc. and Spectra Energy Corp. (Houston) have entered into a merger agreement under which the two companies will combine in a stock-for-stock transaction. The merger will create one of the largest energy infrastructure companies in North America with a value of about $127 billion. Enbridge president and CEO Al Monaco will serve as president and CEO of the combined company. Greg Ebel, Spectra president and CEO, will