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Enbridge Seeks to Create ‘FedEx’ of Pipelines in Spectra Deal

  • Company will be largest North American energy line owner
  • Transaction is expected to close in the first quarter of 2017
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Lloyd: Enbridge a Short Candidate Despite Record Deal

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For pipeline companies, it may be easier to buy than build. 

Enbridge Inc. agreed to purchase fellow line owner Spectra Energy Corp. for $28 billion in stock. The largest-ever foreign purchase by a Canadian company, the combination will create the biggest energy pipeline and storage operator in North America.