Spectra Buys Express-Platte Pipeline for $1.49 Billion

(Corrects spelling of pipeline system in headline.)

Spectra Energy Corp. (SE) agreed to buy the Express-Platte Pipeline System from Borealis Infrastructure, the Ontario Teachers’ Pension Plan and Kinder Morgan Energy Partners for $1.49 billion.

The sum includes $1.25 billion in cash and $240 million of acquired debt.

To contact the editor responsible for this story: Stephen Cunningham at scunningha10@bloomberg.net

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