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Spectra Energy to launch 14M-share offering

Apr. 05, 2016 7:59 AM ETEnbridge Inc. (ENB) Stock, ENB:CA StockBy: Carl Surran, SA News Editor25 Comments
  • 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

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