Enbridge, Spectra Settle FTC’s Concerns Over $28B Merger

Law360, New York (February 16, 2017, 3:50 PM EST) -- The U.S. Federal Trade Commission said Thursday that Enbridge Inc. and Spectra Energy Corp. have agreed to settle charges that their proposed $28 billion merger would harm competition for pipeline transportation of natural gas in areas off the coast of Louisiana.

Enbridge and Spectra inked a deal in September for an all-stock merger that would create one of the largest energy infrastructure companies in the world. The FTC said in a statement Thursday that the commission voted 2-0 to accept a proposed consent agreement with the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.