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Canada: Stockholders approve $28B Spectra-Enbridge merger

By  |  December 18, 2016

Enbridge has announced that its shareholders have overwhelmingly approved the required resolutions regarding the company’s proposed merger with Spectra Energy at a shareholders meeting in Calgary yesterday.

99.42 percent of Enbridge shares voted in favour of the merger. At a separate meeting in Houston, Texas Spectra Energy shareholders also approved the merger.

“We are pleased with the results of today’s vote, and we thank Enbridge and Spectra shareholders for their overwhelming support and confidence in our future,” said Al Monaco, President and Chief Executive Officer, Enbridge. “This marks an important milestone toward creating North America’s premier energy infrastructure company, with the size, scale and scope that will launch Enbridge into a unique global investment category.”

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