Enbridge Inc. has announced an $11.4 Billion restructuring plan in response to changes to U.S. tax rules. Enbridge is proposing separate all-share offers with the boards of Spectra Energy Partners, L.P., Enbridge Energy Partners, L.P., Enbridge Energy Management, L.L.C. and Enbridge Income Fund Holdings Inc., offering them company shares worth a total of roughly $11.4 billion based on current stock prices. Only Enbridge Energy Partners and Spectra Energy Partners are MLPs but Enbridge said the FERC ruling has negatively affected all four. In a separate deal, Enbridge said it will sell Midcoast Operating LP to an affiliate of private equity firm ArcLight Capital Partners LLC for about $1.44 billion.

Source: thestar May 17, 2018 18:38 UTC