Enbridge offers $11.4-billion in stock to investors in four affiliate companies

CALGARY — Enbridge Inc. is proposing a series of transactions with its co-investors in four affiliated businesses, who are being offered company shares worth a total of about $11.4 billion based on current stock prices.

If the transactions unfold as anticipated, investors in all the companies and limited partnerships would hold shares in Enbridge, one of North America’s largest energy infrastructure companies.

The Calgary-based company says the plan would simplify its corporate structure with a neutral impact on its current three-year financial guidance and result in a positive impact after 2020.

Enbridge is proposing separate all-share proposals with the boards of Spectra Energy Partners, LP , Enbridge Energy Partners, L.P. , Enbridge Energy Management, L.L.C and Enbridge Income Fund Holdings Inc.

Companies in this story: (TSX:ENB, (NYSE: SEP), (NYSE: EEP), (NYSE: EEQ (TSX: ENF).