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4 years ago
BRIEF-Spectra Energy to drop down 50 pct of Express-Platte Pipeline system to Spectra Energy Partners
May 2, 2013 / 9:46 PM / 4 years ago

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

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

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