Enbridge Announces Acquisition of $8.2 Billion in Outstanding Equity Securities of Sponsored Vehicles Not Owned by Enbridge

September 18, 2018

S&C represents Enbridge Inc. in its definitive arrangement agreement with Enbridge Income Fund Holdings Inc. (ENF) under which Enbridge will acquire all of the issued and outstanding public common shares of ENF in a transaction valued at $4.7 billion.
 
S&C represents Enbridge Inc. in its separate definitive agreements with Enbridge Energy Partners, L.P. (EEP) and Enbridge Energy Management, L.L.C. (EEQ) under which Enbridge will acquire all of the outstanding public Class A common units of EEP and all of the outstanding public Listed Shares of EEQ, with the acquired equity of the combined transactions valued at $3.5 billion.
 
The S&C team on the transaction was led by George Sampas, along with Mimi Wu and Traci Biedermann. Robert Buckholz advised on securities matters and Michael Steinberg advised on litigation matters.