The deal would see the Canadian pipeline operator double the size of its gas utility business.
) fell in early trading on Wednesday as investors digested the Canadian pipeline operator's plan to buy three U.S. natural gas utilities in a deal worth US$14 billion.
The deal would see Enbridge double the size of its gas utility business through the acquisition of the East Ohio Gas, Questar Gas, and Public Service of North Carolina from Virginia-based Dominion Energy. Under the terms, Enbridge would pay US$9.4 billion in cash, and take on US$4.6 billion in debt.
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Enbridge to purchase three U.S. utilities for US$14-billion in cash and debtEnbridge says it will finance the deal through a combination of $US9.4 billion of cash consideration and US$4.6 billion of assumed debt
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Enbridge to buy three utilities in deal valued at $14 billion(Reuters) - Enbridge said on Tuesday it has entered into three separate deals with Dominion Energy to buy East Ohio Gas Co, Questar Gas and Public ...
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Enbridge to purchase three U.S. utilities for $14 billion in cash and debtEnbridge Inc. says it has signed a US$14 billion cash-and-debt deal to purchase three U.S.-based utility companies.
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Enbridge to purchase 3 U.S. utilities for $14 billion in cash and debtEnbridge Inc. has signed a $14 billion cash\u002Dand\u002Ddebt deal to purchase 3 US\u002Dbased utility companies owned by Dominion Energy, Inc. Read more.
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