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Enbridge Agrees to Acquire All Public Equity of Spectra Energy Partners for $3.3B

Vinson & Elkins provided tax counsel to Enbridge Inc. in connection with a definitive agreement under which Enbridge will acquire all of the outstanding public common units of Spectra Energy Partners, LP. 

The transaction is valued at US $3.3 billion / CAN $4.3 billion based on the closing price of Enbridge’s common shares on the New York Stock Exchange / Toronto Stock Exchange on August 23, 2018.

The V&E tax team included partners Ryan Carney, Gary Huffman and Natan Leyva and associates Christine Mainguy and Jen Maul.

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