Sponsored Links

BRIEF-Spectra Energy to drop down 50 pct of Express-Platte Pipeline system to Spectra Energy Partners

Thu May 2, 2013 5:42pm EDT

May 2 (Reuters) - Spectra Energy Corp : * To drop down 50 percent of the express-platte pipeline system to Spectra

Energy Partners * Says deal for about $555 million in cash * Deal also includes about $139 million in newly issued partnership units, and

about $129 million of acquired express-platte system debt * Says terms of the transaction were unanimously approved by Spectra energy's

board of directors * Source text for Eikon * Further company coverage

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.