- Spectra Energy (SE) -1.9% premarket announcing a public offering of 14M common shares priced at $30/share, with an underwriters option to purchase up to an additional 1.4M shares.
- SE plans to use the proceeds to purchase additional common units from Spectra Energy Partners (SEP) in a private placement; SE will own 78% of SEP after the placement.
- Now read Spectra Energy is a safe midstream with an attractive yield