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Stock Market & Financial Investment News

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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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