Back to News
Market Impact: 0.4
Enbridge To Acquire Tallgrass Crude Business For $2.55 Bln
Source: Nasdaq
M&A & RestructuringEnergy Markets & PricesTransportation & LogisticsCompany Fundamentals
Enbridge agreed to acquire Tallgrass Energy's crude oil business for $2.55 billion in cash. The deal expands Enbridge's crude transportation footprint in the U.S. Rockies and strengthens its North American liquids pipeline network, potentially enhancing its long-term infrastructure scale and cash-flow base.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
moderately positive
Sentiment Score
0.40
Ticker Sentiment
ENB0.68
More News
- 5 Top Dividend Stocks Yielding 5% or More to Buy Right Now for Passive Income
- CENTCOM reportedly has plans for Iran strikes: Will Trump approve them?
- Saudi Arabia intercepts missiles and drones as fighting with Houthis rages
- Here’s the ‘core economic flaw’ in the AI bull case as stock and bond trades unravel, according to a top economist
- Israelis hold final rally against Netanyahu ahead of what may be the most consequential election in the country’s history
- How Pepsi fell behind in the cola wars—and then lost KFC