April 21, 2024
Volume XIV, Number 112
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CFIUS Clearance: Enbridge Inc. and Spectra Energy Corp.
Saturday, December 24, 2016

Status: Clearance

Acquirer: Enbridge Inc. (Canada)

Acquired: Spectra Energy Corp. (U.S.)

Value: Approx. US$28 billion

Industry: Energy, Regulated Utilities

Silhouette_of_energy_plantUPDATE: On December 21, 2016, Spectra Energy Corp announced the parties received notice from the Committee on Foreign Investment in the United States (CFIUS) “that it has concluded its review of the proposed combination of the Company and Enbridge and determined that there are no unresolved national security concerns with respect to the proposed combination.”  (Spectra Energy, Form 8-K, Dec. 21, 2016, SEC Filing.)

For more information, see our previous coverage of this transaction here and here.

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