Sept 6 (Reuters) - Enbridge Inc ENB.TO , Canada's largest pipeline company, said on Tuesday it would buy Spectra Energy Corp (NYSE:SE) SE.N in an all-stock deal valued at about C$37 billion ($28 billion) to create the largest North American energy infrastructure company.
Under the terms of the deal, which has a pro-forma enterprise value of C$165 billion, Spectra Energy shareholders will get 0.984 shares of the combined company for each share of Spectra Energy held.