Status: Upcoming/New Filing

Acquirer:  Enbridge Inc. (Canada)

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

Value: Approximately US$28 billion

Industry: Energy

According to Spectra Energy Corp.’s 8-K SEC filing, an Agreement and Plan of Merger (“Agreement”) was executed as of September 5, 2016, between Spectra Energy Corp., a Delaware corporation, Enbridge Inc., a Canadian corporation, and Sand Merger Sub, Inc., a Delaware corporation, and a direct wholly owned Subsidiary of Enbridge, whereby Spectra will merger with Sand Merger Sub, becoming wholly owned by Enbridge.  The filing states that a voluntary notification to CFIUS is required under the Agreement.  Enbridge is an Calgary-based pipeline operator and Spectra Energy is a Houston-based pipeline company operating in North America with a focus on natural gas pipelines (see Wall Street Journal article here; and Spectra Energy Press Release here).  The deal is valued at approximately US$28 billion and is stated to “bring[] together two highly complementary platforms to create North America’s largest energy infrastructure company.”