Spectra Energy Partners (SEP +1.8%) moves higher after agreeing to acquire a 38.76% interest in...

|About: Spectra Energy Partners, LP (SEP)|By:, SA News Editor

Spectra Energy Partners (SEP +1.8%) moves higher after agreeing to acquire a 38.76% interest in Maritimes & Northeast Pipeline from Spectra Energy (SE +0.6%) in a $375M deal. M&N owns a 338-mile mainline interstate natural gas transportation system in the northeast U.S., with a delivery capability of ~0.8B cf/day.