Canadian pipeline company Enbridge Inc. on Tuesday agreed to buy Houston’s Spectra Energy Corp. in an all-stock deal valued at about $28 billion, creating a major North American energy-infrastructure company at a time when energy-industry operators continue to deal with the fallout from low oil prices. Under the deal, announced jointly by the companies, Spectra Energy shareholders will receive shares of Enbridge valued at around...

Source: Wall Street Journal September 06, 2016 11:22 UTC