Canadian pipeline giant Enbridge buys Spectra Energy for Can$37 bn
Canada
Montreal - Arab Today
Canadian oil pipeline operator Enbridge will buy US rival Spectra Energy for Can$37 billion (US$28 billion) in an all-stock deal, the companies announced Tuesday.
Enbridge shareholders will own 57 percent of the merged company. Spectra Energy shareholders will receive 0.984 shares in the merged company for every share of Spectra Energy they own. Based on this, Spectra Energy shares are being valued at US$40.33, or 11.5 percent higher than at last closing, according to the companies.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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