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Stock Market & Financial Investment News

News Breaks
June 19, 2014
06:02 EDTEEP, MEPEnbridge Energy announces Purchase and Sale Agreement with Midcoast Energy
Enbridge Energy (EEP) announced that it has entered into a Purchase and Sale Agreement with Midcoast Energy (MEP) to sell an additional 12.6% interest in its subsidiary, Midcoast Operating, for $350M in cash proceeds. This transaction is expected to close on or about July 1. At closing, Enbridge Partners will own a remaining 48.4% non-controlling limited partner interest in Midcoast Operating.
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July 31, 2014
06:28 EDTMEPMidcoast Energy raises quarterly distribution by 4% to 32.5c per unit
Midcoast Energy Partners announced that the board of its general partner has declared a cash distribution of $32.5c per unit on all of its outstanding common and subordinated units, for the quarter ended June 30, representing a 4% increase over the prior quarter. The distribution is payable on August 14, to unitholders of record at the close of business on August 7.
06:26 EDTMEPMidcoast Energy reports Q2 EPS (9c), may not compare to consensus 9c
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