Jan 22 (Reuters) - Enbridge Inc ENB.TO :
* ENBRIDGE INC. AND SPECTRA ENERGY PARTNERS, LP ANNOUNCE DEFINITIVE AGREEMENT AND COMPLETION OF THE ELIMINATION OF INCENTIVE DISTRIBUTION RIGHTS
* ENBRIDGE INC - AS PART OF TRANSACTION, ALL OF IDRS HAVE BEEN ELIMINATED
* ENBRIDGE INC - 172.5 MILLION NEWLY ISSUED SEP COMMON UNITS HAVE A VALUE OF APPROXIMATELY US$7.2 BILLION
* ENBRIDGE INC - SEP MAINTAINS ITS CURRENT GUIDANCE OF 7% DISTRIBUTION GROWTH IN 2018
* ENBRIDGE INC - CO NOW HOLDS A NON-ECONOMIC GP INTEREST IN SEP AND OWNS APPROXIMATELY 403 MILLION SEP COMMON UNITS
* ENBRIDGE INC - SEP MAINTAINS ITS CURRENT GUIDANCE OF 4-6% DISTRIBUTION GROWTH IN 2019-20
* ENBRIDGE INC - ENBRIDGE BOARD OF DIRECTORS REVIEWED AND APPROVED THIS TRANSACTION
* ENBRIDGE - EXECUTION OF AGREEMENT, RESULTING IN CO CONVERTING ALL IDRS AND GP ECONOMIC INTERESTS IN SEP INTO 172.5 MILLION NEWLY ISSUED SEP COMMON UNITS